, NAIROBI, Kenya, Apr 18 – Industrialization and Enterprise Development Cabinet Secretary Adan Mohamed has confirmed the extension of Kephar Tande’s term for a further three years as the Managing Director of East African Portland Cement Company (EAPCC).
The appointment was made in accordance with section 6 (1) (b) of State Corporations Act and is effective from November 16, 2013.
His confirmation has been pending since last year after the company’s board requested the government through the CS to renew his term which was ending in October 2013 after being in the position since November 2011.
Tande has over 35 years working experience in both the public and private sectors and is a certified public accountant, chartered management accountant and holds a Bachelor of Commerce degree in accounting.
He holds an MBA in strategic management from the United States International University.
“I wish to thank the Cabinet Secretary and President, Uhuru Kenyatta, for the re-appointment. I am committed to fully implementing the strategy the Company has embarked on to raise its market share and to ensure that EAPCC is a leading cement manufacturer for the welfare of our staff and the benefit of all our stakeholders,” Tande said.
The board was convinced that Tande deserves another term after returning the company on a recovery path.
Portland, Kenya’s second biggest cement producer made a net profit of Sh1.7 billion for the full year ending June 2013 compared to a net loss of Sh972.7 million the previous year.