Eveready taps Sameer finance boss for acting MD
Tuesday March 16 2021
By BONFACE OTIENO
Eveready East Africa #ticker:EVRD has appointed Sameer Management Limited finance manager Thomas Mong’are Masaki as the interim managing director following the exit of Margaret Odhiambo.
The appointment takes immediate effect until the board recruits a substantive head, the battery distributor said in a statement on Tuesday.
Ms Odhiambo became the firm’s first female MD after taking over in February 2019 from Jackson Mutua who quit following a decline in profits.
“In her tenure, the company has recorded tremendous organic growth in its new growth drivers, and through it achieved consistent year-on-year improvement in the bottom line position,” Eveready said.
THE STANDARD By
Wainaina Wambu |
March 16th 2021 at 15:41:06 GMT +0300
Listed battery distributor Eveready East Africa has announced management changes with the exit of managing director Margaret Odhiambo after a three-year stint.
The Board appointed Thomas Masaki as acting managing director pending the appointment of a substantive MD. The firm’s Board said that Ms Odhiambo, only one of the seven female CEOs in the NSE, had played an integral part in implementing Phase 1 of the Company’s recovery strategy under its strategic plan 2018-2022.
“In her tenure, the company has recorded tremendous organic growth in its new growth drivers and through it achieved consistent year on year improvement in the company’s bottom-line decision. The Board wishes to thank Margaret for her service over the past 12 years,” said the Board.