Ambassador (Eng.) Mahboub Maalim Mohamed has been named the new Chairman of Kenya Power.
A former Permanent Secretary at the Ministry of State for Special Programmes in Office of the President, Ambassador (Eng.) Mohamed has replaced Hon. Kenneth Marende who served as the head of the national electricity distributor since December 2014.
Eng Mohamed, 60, was elected to the Board by the Company’s shareholders during an Annual General Meeting held last month. He is the 26th Chairman of the Board of the 98-year-old power utility company.
Ambassador (Eng.) Mohamed has replaced Hon. Kenneth Marende who served as the head of the national electricity distributor since December 2014 #NewKPBoardChairman https://t.co/HxbhYPCghe. ^KK pic.twitter.com/5pktdOkA4T
— Kenya Power Limited (@KenyaPower) January 9, 2018
Previously, AMb (Eng.) Mohamed served as a Permanent Secretary in the Ministry of Water and Irrigation and as an Executive Director at Inter-Governmental Authority on Development (IGAD). He was also an ambassador to the IGAD. AMb (Eng.) Mohamed has also served in various positions in the World Bank.
AMb (Eng.) Mohamed holds M.Sc. and B.Sc degrees in Civil Engineering from Texas A&I University in the United States of America. He is registered engineer with the Kenya Engineers’ Registration Board and a member of the Institute of Engineers of Kenya.
“Eng. Mohamed brings to the company’s leadership a wide range of local and international experience in public service and corporate governance we pledge our full support as he guides the company towards meeting its strategic objectives,” the board said in a statement.
Despite being the Chairman of Kenya power, former Speaker Kenneth Marende couldn’t initiate any power connections in Vihiga his home. His exit is highly welcome by many.
— MARTIN KUELEKHO (@OmunduStrong1) January 9, 2018
On the Nairobi Securities Exchange, the company (KPLC) opened the day’s trading with the share price at KES 9.05, down 0.55% from Monday’s opening share price.