National carrier Kenya Airways on Tuesday sent home its long-serving finance director, Alex Mbugua, in what was seen as part of a broader initiative to turn around the fortunes of the loss- making company.
Kenya Airways chairman Dennis Awori said Dick Murianki, who served as the general manager for the airline’s cargo business, had replaced Mr Mbugua in an acting capacity until a substantive finance director is recruited.
Rick Sine, the company’s fleet director, also left
giving the clearest signal yet that execution of the Treasury’s intention to clear out the airline’s top management’s is underway.
Mr Mbugua served as the Kenya Airways’ group finance director for eight years having been appointed in July 2008.
Mr Mbugua’s exit is seen to be in line with
Treasury secretary Henry Rotich’s announcement last September that Kenya Airways’ top managers were likely to lose their jobs before the government releases a proposed bailout package.
Boss sio kwa ubaya bt why do u post negativite stories kuhusu KQ. Ulifutwa kazi nao nini? Asking coz nilikuwa na boy wangu alikuwa wax KQ wakamchuja. Up to date yeye uwa na mauchungu nao na kilipata job nyingine.
Lakini ile siku alifutwa na news ikafikia maboyz mtaa tuli celebrate juu jamaa alikuwa mtu maringo sana. Hatukuwa tuna pumua mtaani.
Downsizing interms of management and operational cost is likely to improve KQ share price. I would rather the persue that instead of focusing on individuals.