Troubled Kenya Power CEO resigns unexpectedly

Mr Bernard Ngugi. FILE PHOTO | NMG

Troubled State-controlled electricity distributor Kenya Power #ticker:KPLC on Wednesday said Chief Executive Bernard Ngugi has resigned and is expected to leave his post immediately, in shock changes at the loss making utility. 

Mr Ngugi who has separately come under pressure from shareholders of the Nairobi Securities Exchange (NSE) listed firm, government and trade unions over turn around plans amid a streak of losses at the utility has quit barely two years after he was appointed to the helm of the firm.

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