The Kenya Power and Lighting Company (KPLC) has appointed Vivienne Yeda Apopo as the new Chairperson of the company’s Board of Directors effective come November 13th 2020.
Vivienne Yeda will be the first female board chair at Kenya Power and will succeed Mahboub Maakim, the outgoing Chairperson. Speaking on the appointment, the immediate outgoing Chairperson expressed his confidence in the new board to steer the company to immense growth and sustainability. “As I exit, I want to thank fellow board members, management, employees, customers, business, and all other stakeholders for their support,” he said.
In a tweet, KPLC said Yeda will be the first woman to serve as chairman of the board. “We are excited and look forward to her stewardship, and that of the entire Board, as we pursue our growth journey,” Kenya Power tweeted on Friday.
Vivienne Yeda is also the Director-General at East African Development Bank, a role she assumed on 15 January 2009. She holds a Masters of Business from Edith Cowan University and a Master in International Finance from the University College London.
She was also part of the non-executive directors appointed this year to help turn around the fortunes of Kenya’s sole power distributor.
She is an expert in foreign relations law, international economic law, business operations, and financial transactions in public and private sector operations including project finance and structured finance.
Unaudited financial results for the period to June 2020 issued by Treasury last week indicate that the monopolyu sank into a loss of Sh2.98 billion. the firm’s Managing Director Bernard Ngugi said the company has recently rolled out a county-focused business model to turn the regions into profit centres, which is expected to help improve the firm’s fortunes.
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