Six chief executives exit as NSE firms struggle with succession

Outgoing CEOs Kenya Airways CEO Allan Kilavuka, WPP Scangroup PLC CEO Patricia Ithau and Crown Paints PLC Group Chief Executive Officer Dr Rakesh Rao.

Photo credit: File | Nation Media Group

Six chief executives of Kenyan listed companies departed from their corner offices this year, with four of them succeeded by interim appointments, signaling unpreparedness by the boards to make substantive replacements.

The companies that witnessed CEO departures without permanent successors were Kenya Airways, Longhorn Publishers, Standard Group and Eveready East Africa. WPP Scangroup and Crown Paints, meanwhile, made substantive replacements for their leaders who left.

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