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Kenya

Kipng’etich joins Standard Group board as Non-Executive Director

Kipng’etich is currently the Uchumi Supermarkets Chief Executive having previously been posted at the Kenya Wildlife Service/FILE

NAIROBI, Kenya, Oct 9 – Standard Group has appointed Uchumi Supermarkets Chief Executive Julius Kipng’etich as a Non-Executive Director with effect October 7.

Kipng’etich has previously served as the Chief Operating Officer at Equity Group Holdings and was also a Director and a Chief Executive Officer at Kenya Wildlife Service.

He also serves as a Non-Executive Director at the Kenya Tea Development Agency, Kenya Deposit Insurance Corporation, and Jubilee Insurance Kenya.

The move comes a month after the firm’s CEO Sam Shollei resigned.

Orlando Lyomu was then appointed as the Acting Group CEO pending the appointment of a substantive Chief Executive.

Until this appointment, Lyomu was serving as Group Finance Director and Chief Operating Officer, a position he held since 2012.

The media firm bounced back to profitability in 2016 to make a net profit of Sh198.5 million from a loss of Sh289.6 million in 2015.

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