Tag: finance

Managing Director & Chief Executive Officer

 

Managing Director & Chief Executive Officer

Our client, The Kenya Power and Lighting Company is a well-established and recognized leader in electricity distribution and retail in the region. KPLC is established as a limited liability company under the Companies Act, Cap 486, Laws of Kenya. The Company’s key mandate is to purchase bulk electricity supply, transmit, distribute and retail electricity to end-user customers throughout Kenya. KPLC is at the forefront of spearheading accomplishment of Vision 2030.

Following the retirement of the immediate former Managing Director and Chief Executive Officer, the Board of KPLC is seeking to recruit an exceptional and visionary leader with good professional and ethical standing to fill the position of Managing Director & Chief Executive Officer.

Reporting to the Board of Directors, the Managing Director & Chief Executive Officer will be the Principal Officer of the Board and will be responsible for overseeing all the strategic, operational and financial performance of the Company through effective management of the executive leadership team.

Key Responsibilities

• Providing overall day to day leadership and administration of operations of the Company under the guidance of the Board;

• Developing and recommending to the Board short, medium and long term strategies, business plans and annual operating budgets, while establishing proper internal monitoring and control systems and procedures;

• Ensuring continuous achievement of the Company’s financial and operating goals and objectives, while ensuring continuous improvement in the quality and value of services provided by the Company;

• Developing and strengthening networks and partnerships with the government, the private sector and development partners, while spearheading donor collaboration and fundraising for project implementation;

• Advising the Board of Directors on operations, financial and investment planning and sustainable development of Company interests;

• Directing and coordinating the Company’s operations and administration to ensure

that the various divisions operate in conformity with the overall strategic plans and performance targets;

• Ensuring compliance with applicable statutory, legal and regulatory requirements and establishing mitigation measures against emerging business risks;

• Promoting the Company’s image and developing a good working relationship with all stakeholders and partners while promoting the principles of good governance in the Company; and

• Maintaining a conducive work environment for attracting, retaining and motivating employees while fostering a corporate culture that promotes ethical practices and good corporate citizenship.

 

Personal Specifications

• Bachelor’s Degree in Humanities and Arts, Business, Finance, Computer Science, Social Sciences, Physical Sciences and Engineering, or related field gained from a recognized university;

• A Master’s Degree in any of the fields above will be an added advantage;

• Minimum of 10 years’ relevant experience in senior management in a large organization preferably in Commercial, Public and/ or Energy or related sector;

• Must be a member in good standing where registered with a relevant professional body;

• Experience in working with government, shareholders and/or stakeholders including donors required; and

• Corporate Governance Training and/or Leadership Certification will be an added advantage.

Shortlisted candidates will be required to satisfy the requirements of Chapter Six of the Constitution of Kenya 2010 including; Certificate of Good Conduct from the Directorate of Criminal Investigations; Clearance Certificate from the Higher Education Loans Board; Tax Compliance Certificate from the Kenya Revenue Authority; Clearance from the Ethics and Anti-Corruption Commission and Report from an Approved Credit Reference Bureau.

If you believe you can clearly demonstrate your abilities to meet the relevant criteria for the role above, please submit your application including copies of your academic and professional certificates, testimonials and your curriculum vitae, including among other details your current position, current remuneration, email and telephone contacts of three (3) referees familiar with your qualifications and work experience.

To be considered, your application must be received by Wednesday, 26 April 2017

addressed to:

The Director,

Executive Selection Division

Deloitte Consulting Limited

Deloitte Place

Waiyaki Way Westlands, Nairobi, Kenya

Email: esd@deloitte.co.ke

Only shortlisted candidates will be contacted.

Deloitte refers to one or more of Deloitte Touché Tohmatsu Limited,

a UK private company limited by guarantee, and its network of

member firms, each of which is a legally separate and independent

entity. Please see www.deloitte.com/about for a detailed description

of the legal structure of Deloitte Touché Tohmatsu Limited and its

member firms.

@ 2017 Deloitte & Touché

Dr. Ken Tarus Acting MD & CEO Kenya Power

Dr. Tarus, 46, brings with him over 20 years’ corporate leadership and management experience, five of which are in the energy sector. Prior to his appointment, he was the Company’s General Manager in charge of Finance and a member of the executive management team for a period of two years.

Previously, Dr Tarus worked at the Rural Electrification Authority as head of Finance between 2012 and 2014 prior to which he was the Deputy Vice Chancellor for Finance, Planning and Administration at KCA University. He has held various leadership roles in the local banking sector as Head of Finance, IT and Administration at Bank of Africa, Financial Controller at Standard Chartered Bank and diverse positions at Kenya Commercial Bank.     

He holds a Doctor of Philosophy degree in Business Administration (Finance) from Kabarak University, an MBA from the University of Nairobi and a Bachelor of Commerce Degree from the same institution. Dr. Tarus is a Certified Public Accountant and a member of the Kenya Institute of Management.

Dr. Ken Tarus Bcom,MBA,PHD(B.Ad., Finance) Acting MD & CEO Kenya Power

Dr. Tarus, 46, brings with him over 20 years’ corporate leadership and management experience, five of which are in the energy sector. Prior to his appointment, he was the Company’s General Manager in charge of Finance and a member of the executive management team for a period of two years.

Previously, Dr Tarus worked at the Rural Electrification Authority as head of Finance between 2012 and 2014 prior to which he was the Deputy Vice Chancellor for Finance, Planning and Administration at KCA University. He has held various leadership roles in the local banking sector as Head of Finance, IT and Administration at Bank of Africa, Financial Controller at Standard Chartered Bank and diverse positions at Kenya Commercial Bank.     

He holds a Doctor of Philosophy degree in Business Administration (Finance) from Kabarak University, an MBA from the University of Nairobi and a Bachelor of Commerce Degree from the same institution. Dr. Tarus is a Certified Public Accountant and a member of the Kenya Institute of Management.

APPOINTMENT OF DR. KEN TARUS AS THE AG. MANAGING DIRECTOR & CEO

January 04th, 2017, Nairobi:

The Kenya Power Board of Directors is pleased to announce the appointment of Dr. Ken Tarus as the Acting Managing Director and Chief Executive Officer of the Company with effect from today (4th January 2017).

This follows the exit of the current MD & CEO, Dr. Ben Chumo, at the end of his contract period on Friday this week (6th January 2017). Dr. Chumo has been the head of the Company since January 2014 in a period characterised by exponential growth in customer connections and implementation of network improvement projects among other major corporate milestones.

Dr. Tarus, 46, brings with him over 20 years’ corporate leadership and management experience, five of which are in the energy sector. Prior to his appointment, he was the Company’s General Manager in charge of Finance and a member of the executive management team for a period of two years.

Previously, Dr Tarus worked at the Rural Electrification Authority as head of Finance between 2012 and 2014 prior to which he was the Deputy Vice Chancellor for Finance, Planning and Administration at KCA University. He has held various leadership roles in the local banking sector as Head of Finance, IT and Administration at Bank of Africa, Financial Controller at Standard Chartered Bank and diverse positions at Kenya Commercial Bank.     

He holds a Doctor of Philosophy degree in Business Administration (Finance) from Kabarak University, an MBA from the University of Nairobi and a Bachelor of Commerce Degree from the same institution. Dr. Tarus is a Certified Public Accountant and a member of the Kenya Institute of Management.

Kenya Power Chairman, Hon. Kenneth Marende, said the Board of Directors is confident that business operations of the Company will continue to run smoothly under the interim leadership of Dr. Tarus pending a competitive sourcing for a substantive Managing Director.

“With full responsibility for the leadership and development of the Kenya Power’s electricity distribution business, Dr. Tarus will play a key role in entrenching the Company as a leader in electricity subsector by aggressively pursuing its business growth and diversification strategy,” Hon. Marende said.

For more information, please contact:


Kevin Sang
Ag. Manager, Corporate Communications
Tel: (254) 20 3201639/22/1752
Mobile : +254 722 114597
E-mail : ksang@kplc.co.ke
Stima Plaza, Parklands, Nairobi
P O Box 45955 - 00100 Nairobi
http://www.kplc.co.ke  

 

APPOINTMENT OF DR. KEN TARUS AS THE AG. MANAGING DIRECTOR & CEO

APPOINTMENT OF DR. KEN TARUS AS THE AG. MANAGING DIRECTOR & CEO

January 04th, 2017, Nairobi:

The Kenya Power Board of Directors is pleased to announce the appointment of Dr. Ken Tarus as the Acting Managing Director and Chief Executive Officer of the Company with effect from today (4th January 2017).

This follows the exit of the current MD & CEO, Dr. Ben Chumo, at the end of his contract period on Friday this week (6th January 2017). Dr. Chumo has been the head of the Company since January 2014 in a period characterised by exponential growth in customer connections and implementation of network improvement projects among other major corporate milestones.

Dr. Tarus, 46, brings with him over 20 years’ corporate leadership and management experience, five of which are in the energy sector. Prior to his appointment, he was the Company’s General Manager in charge of Finance and a member of the executive management team for a period of two years.

Previously, Dr Tarus worked at the Rural Electrification Authority as head of Finance between 2012 and 2014 prior to which he was the Deputy Vice Chancellor for Finance, Planning and Administration at KCA University. He has held various leadership roles in the local banking sector as Head of Finance, IT and Administration at Bank of Africa, Financial Controller at Standard Chartered Bank and diverse positions at Kenya Commercial Bank.     

He holds a Doctor of Philosophy degree in Business Administration (Finance) from Kabarak University, an MBA from the University of Nairobi and a Bachelor of Commerce Degree from the same institution. Dr. Tarus is a Certified Public Accountant and a member of the Kenya Institute of Management.

Kenya Power Chairman, Hon. Kenneth Marende, said the Board of Directors is confident that business operations of the Company will continue to run smoothly under the interim leadership of Dr. Tarus pending a competitive sourcing for a substantive Managing Director.

“With full responsibility for the leadership and development of the Kenya Power’s electricity distribution business, Dr. Tarus will play a key role in entrenching the Company as a leader in electricity subsector by aggressively pursuing its business growth and diversification strategy,” Hon. Marende said.

For more information, please contact:


Kevin Sang
Ag. Manager, Corporate Communications
Tel: (254) 20 3201639/22/1752
Mobile : +254 722 114597
E-mail : ksang@kplc.co.ke
Stima Plaza, Parklands, Nairobi
P O Box 45955 - 00100 Nairobi
http://www.kplc.co.ke  

 

Kenya Power named most Socially Innovative Company at Africa Investor Awards

Nairobi, September 20, 2016………Kenya Power emerged top in the innovation category at the just concluded African Investor’s CEO Institutional Investment Summit & Awards 2016.

 

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Kenya Power seeks pole suppliers for second phase of Last Mile Connectivity Project

Nairobi, July 14, 2016………Kenya Power has commenced procurement of 195,299 wooden poles in preparation to implement the second phase of the Last Mile Connectivity Project.

 

Spearheaded by  Government under  National Electrification Programme (NEP), this phase of the Last Mile Project is financed by the World Bank to a tune of Sh15 billion and targets to connect 312,500 households to the national grid.

 

A total of 44,701 concrete poles will also be procured under this phase, said Kenya Power’s Managing Director and CEO, Dr Ben Chumo.

 

“Implementation of this phase is expected to start later this financial year. We aim to connect over a million new customers every year going forward in order to achieve the targeted milestones,” said Dr Chumo, indicating that the Company’s demand for poles will rise in the short term.

 

Under this phase, Kenya Power will procure prepaid meters, poles, cables, conductors and 1,000 transformers for grid extension, on behalf of contractors as per the World Bank’s procurement guidelines.

 

The first phase of Last Mile Connectivity Project is ongoing with contractors already mobilized and on the ground. It is financed by the Government and the African Development Bank a cost of Sh13.5 billion targeting 314,000 households.

 

“The works under this phase is being implemented in all the 47 counties by 10 contractors. This initial phase of the project, earmarked for completion by June 2017, is projected to use a total of  319,203 poles,” Dr Chumo said.

 

Last year, Kenya Power procured 377,000 poles locally, both wooden and concrete, in support of “Buy Kenya Build Kenya Initiative”. The Company’s spend on poles in the last three years stands at Sh7.9 billion.

 

“We are now buying all our poles locally unlike in the past where we used to import from as far as Brazil, Congo and south Africa”, Dr Chumo said. “Currently we have a total of 35 manufacturers and suppliers,” he added.

 

The Company’s demand for poles has been growing over the years due to undertaking of network upgrade programmes that involve replacement of wooden poles with concrete ones and extension of low and medium voltage lines.

 

In the last two years, Kenya Power has been involved in implementation of the Government- funded National Lighting Programme targeting 52 towns across the country in a bid to enhance security and transform Kenya into a 24-hour economy.

 

In addition, since 2014, 1.14 million new customers have been supplied with electricity under the Global Partnership on Output- Based Aid (GPOBA) programme funded by the World Bank to aid cheap connections, mainly in slum areas, creating demand for poles.

 

 

For more information, contact:

Kenya Power Corporate Communications Dept.

Tel. 3201630/43 or/39

E-mail communications@kenyapower.co.ke

KPLC AND AFD SIGN A 56 MILLION EURO (6 BILLION KENYAN SHILLING) FINANCING AGREEMENT FOR THE IMPLEMENTATION OF KENYA POWER’S DISTRIBUTION

KPLC AND AFD SIGN A 56 MILLION EURO (6 BILLION KENYAN SHILLING) FINANCING AGREEMENT FOR THE IMPLEMENTATION OF KENYA POWER’S DISTRIBUTION MASTERPLAN

Kenya Power Managing Director and Chief Executive Officer, Dr. Ben CHUMO, together with the Regional Director of AFD Nairobi Office, Mr. Yves BOUDOT, in the presence of the French Ambassador to Kenya, H.E. Mr. Rémi MARECHAUX, have today signed a financing agreement for the provision by AFD of a 56 M€ loan to Kenya Power.

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Shs. 20 billion fund for electricity projects

Tuesday, 15th September, 2015

Thousands of Kenyans will benefit from access to affordable electricity connection following increased funding of electricity projects by the African Development Bank (AfDB) and the Government of Kenya (Gok).

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