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Corporate

National Oil CEO’s controversial term comes to an end

Sumayya Hassan-Athmani, CEO National Oil Corporation of Kenya. PHOTO | FILE
Sumayya Hassan-Athmani, CEO National Oil Corporation of Kenya. PHOTO | FILE 

The controversial tenure of National Oil Corporation of Kenya (Nock) chief executive Sumayya Hassan-Athmani has come to an end with the appointment of an acting officer to take over her position.

Ms Hassan-Athmani leaves amid an ongoing investigation into the State-owned oil marketer’s finances. She was in early February suspended from office but reinstated a few days later pending conclusion of investigations occasioned by a reported Sh270 million loss for the six months to December.

Nock now says that Ms Hassan-Athmani, whose second three-year term was due to end in April 2017, resigned from the company from the beginning of this month.

“Ms Hassan-Athmani has left the corporation at her request effective July 1, the Nock board of directors has appointed MaryJane Mwangi as the acting CEO,” the oil marketer said in a statement.

Ms Mwangi is Nock’s general manager in charge of downstream operations.

“The board of directors, management and staff of national oil wish Ms Hassan-Athmani the best of luck in her future endeavors,” said the Nock statement without making any reference to the earlier reported investigations.

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