KenolKobil pays ex-CEO Sh500m in shares claim

Former KenoKobil MD Jacob Segman at a past investors' briefing. FILE PHOTO | PHOEBE OKALL | NMG

Oil marketer KenolKobil #ticker:KENO paid its former chief executive, Jacob Segman, Sh490 million in December, settling a shares compensation dispute that loomed large over its finances in the wake of Mr Segman’s exit in July 2013.

KenolKobil says in its latest financial report that the settlement was part of several one-off costs that kept its 2017 net profit flat at Sh2.4 billion.

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