, NAIROBI, Kenya, Jun 24 – Mbuvi Ngunze has been appointed the new Kenya Airways CEO and Managing Director effective December 1, 2014.
Ngunze will take over from Titus Naikuni who will retire in November this year after 11 years of service at the national carrier.
“I am pleased to announce the appointment of Mr Mbuvi Ngunze who is the current Chief Operating Officer in KQ to the role of Group Managing Director and CEO of Kenya Airways with effect from December 1, 2014,” KQ Chairman Evanson Mwaniki announced on Tuesday.
Mwaniki said the Board of Directors had engaged in the search for a new CEO to head the airline since January this year.
He said the board was assisted by Spencer Stuart Limited, an international Executive firm which was hired to help in identifying Naikuni’s successor.
“I would like to confirm that the board will lend its full support to Mr Mbuvi Ngunze in leading all of the KQ team in running the company’s business,” Mwaniki said.
In the meantime, the board has initiated the process of recruiting a COO “in the shortest possible time” to replace Ngunze.
“I wish to take this opportunity to call for full support for Mbuvi Ngunze as he takes over leadership of the company’s day to day affairs and to wish Naikuni and his family Godspeed as he prepares to go into his retirement,” Mwaniki said.
The appointment comes few hours before the listed firm announces its performance for the full year ending March 31, 2014, on Wednesday.