Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Kiereini exits, Muchene named EABL chairman

NAIROBI, Kenya, Feb 16 – Long serving East African Breweries Limited (EABL) chairman Jeremiah Kiereini has retired from the board he led for the past 24 years.

A statement to the Nairobi Securities Exchange (NSE) said an EABL board meeting on Thursday accepted the decision and appointed former PricewaterhouseCoopers (PwC) country leader Charles Muchene to take over as chairman.

The region’s biggest brewer is due to release its full year results for 2011 on Friday.

Muchene joined EABL in December 2011 as a non-executive Director, following his retirement at PwC.

The brewer’s shares closed on Thursday on a high of Sh177, two shillings higher than Wednesday’s ending.

Except for direction and guidance on general policy, the board has delegated authority for conduct of day-today business to the Group Managing Director (currently being held by Sani Adetu).

Seven out of the 12 members of the Board are non-executive.

East African Breweries Ltd is the region’s leading branded alcohol beverage business with subsidiaries in Uganda and Tanzania.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...