Nairobi, Kenya, June 23 – Mumias Sugar Company (MSC) has today announced the appointment of Nashon Aseka as the Chief Executive Officer effective June 15, 2017.
The new CEO will seek to steer the company from turbulent seas following nearly Sh3 billion sunk in the sugar miller bailout plan but still posted a half-year net loss of Sh2.92 billion in the period to December 2016. Part of the bailout cash from the Government had been earmarked to clear debt owed to farmers.
The new CEO takes over barely two years after Australian Errol Johnston was rehired to turn around the company.
According to the statement sent to newsrooms, Aseka has experience in the sugar industry spanning over 35 years.
He holds an MSC Engineering in business services and an MBA from the Brunel University in the United Kingdom.
“He has previously served in the Sugar Board of Kenya as the head of sugar technology and Masinde Muliro University of Science and Technology as a lecturer in the sugar industry,” reads part of the statement.
Prior to his appointment, Aseka – who rose from a management trainee position to head of business projects and business development – was the interim manager technical and advisory services at the same company.
The miller’s operations were halted in April for three months to allow urgent maintenance work.
Mumias was recently in the papers when a senior manager – Leonard Joseph Lubya – was shot dead at his Matungulu home in the Western region.