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Relief for KQ as ex-finance chief’s Sh144m award cut

Kenya Airways finance director Alex Mbugua speaks during the airline’s full year financial results briefing at the Intercontinental Hotel in Nairobi on June 25, 2014. PHOTO | SALATON NJAU | NMG

By  Sam Kiplagat

Court Reporter

Nation Media Group

Kenya Airways #ticker:KQ (KQ) has partially succeeded in slashing the hefty Sh144 million compensation that was due to former finance director Alex Mbugua after the Court of Appeal ruled that there was no basis in awarding three years’ salary for his illegal sacking.

Mr Mbugua, who was fired from his position as KQ’s chief finance officer (CFO) on January 19, 2016 after eight years, will now get compensation for gross salary for nine months.

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Note: The results are not exact but very close to the actual.

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