Bamburi changes leaders as profit drops

A section of Bamburi cement factory in Mombasa. FILE PHOTO | NMG 

Bamburi Cement has announced five board changes including the chief executive and chief finance officer (CFO) as its net profit plunged to levels last seen 32 years ago.

The Nairobi Securities Exchange-listed firm has announced that its CFO Vasileios Karalis is going to exit Bamburi at the end of May while Secretary Waeni Ngea will be leaving in June, adding to the exits of the CEO and two non-executive directors.

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