KENYA – The struggling giant sugar miller Mumias Sugar Company has made changes to its Board of Directors, with the entry of a new chairman as Dr. Kennedy Ngumbau Mulwa who takes charge from the outgoing Dan Ameyo, who retired on December 9, 2016.
Other departures from Mumias Sugar Company (MSC) Board include Mr. John Barorot and Mrs. Elizabeth Kyengo who have since been replaced by Mrs. Patricia Adala, Mr. Nelson Orgut and Mr. Peter Khamusali Ingosi.
This came after news broke that the former chairman was on his way out of the company’s leadership, after it had consistently posted losses running into billions of shillings in consecutive running financial years and would not be seeking re-election as a director at the company.
Ameyo ended his two-year tenure at the Nairobi Securities Exchange (NSE) listed sugar miller’s board after joining the millers’ board in February 2014.
The move was also taken amid pressure from western Kenya politicians, led by the region’s Parliamentarians Caucus chairman, John Bunyasi, who had asked for the board and management of MSC to be totally overhauled.
Ameyo’s exit is part of massive changes expected in the management of the company in the coming six months.
The entry of Dr. Mulwa and the new board members is expected to play a central role in the onerous process of turning the company’s performance around from a man who has a highly powerful Curricula Vitae to his credit.
The PhD degree holder and currently pursuing a Doctorate degree in Business Leadership at Management University of Africa is currently the Managing Director/CEO of M & M Hotels & Resort Ltd – a four-star Hotel,
He is also CEO of Muken General Traders, Whitestone Auctioneers (K) Ltd – Class B license holder and Elgon Properties Limited.
Dr. Mulwa holds an Executive MBA from Jomo Kenyatta University of Agriculture and Technology and a BA Degree in Economics from State University of New York, Old West New York – U.S.A
With such powerful credentials and experience both locally and internationally, the whole country will be watching for him to salvage the country’s sugar gold mine at MSC, but there must be team work and all round committed effort with stakeholders to achieve success with those answerable to its woes brought to book.