Portland CEO exit doubles board’s pay

Former EAPCC chief executive Kephar Tande. FILE PHOTO | NMG

Former East African Portland Cement Company (EAPCC) #ticker:PORT chief executive Kephar Tande pocketed Sh12.8 million in severance pay, a move that contributed to a doubling of the company’s board compensation in the year ended June.

EAPCC says in its latest annual report that its board’s compensation rose to Sh48.3 million in the review period compared to Sh23.7 million a year earlier.

PAYE Tax Calculator

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