When Bernard Ngugi Bernard was appointed Kenya Power and Lighting Company managing director in a bid to lead the company towards improved profitability in October last year, dreams of strengthening the electricity retailer’s commercial aspects of business grew.
He took over from caretaker managing director and chief executive, engineer Jared Othieno, who filled the vacuum left after former managing director Ken Tarus was arrested in July 2018 and charged with graft.
Having served the electricity distributor for over three decades, Mr Ngugi hit the ground running. He specializes in the fields of financial and revenue accounting, internal audit and supply chain management. Prior to being appointed the CEO, he held the position of general manager in charge of supply chain at the firm. At the same time, apart from being supply chain general manager for 10 years, he has served as chief accountant.
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The change came at the height of losses due to corruption and mismanagement. But with the wealth of experience that Mwangi has amassed over the years, it is expected that operations of the company will run smoothly, and financial position going forward, will also improve.
Based on his impressive professional background, Ngugi should not let down Kenyans; the business must be successful under his leadership. He holds a Master of business administration in accounting and finance as well as a Bachelor of commerce in accounting from the university of Nairobi. He is also a certified public accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya (ICPA) as well as the Institute of Certified Public Secretaries of Kenya (ICPSK).
Additionally, Mr Ngugi holds a graduate diploma from the Chartered Institute of Purchasing and Supplies (CIPS) and the Kenya institute of supplies management (KISM).
