The head of Cement maker East African Portland Cement Company (EAPCC) #ticker:PORT, Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
The State-run cement firm Wednesday issued a statement replacing Mr Nthei as the acting managing director with Daniel Kiprono, the latest of hostile exits of CEOs in the loss-making firms over the past two decades.
