Mutua kilaka biography definition
Uhuru names Mutua Kilaka to chair Auditor General selection ... President Uhuru Kenyatta has appointed Mutua Kilaka chairman of the selection panel for recruitment of an Auditor General. The move marked a second attempt by the appointing authority to fill.National Treasury Financial secretary Mutua Kilaka who has been appointed to the board contribution Bamburi Cement. FILE
By VICTOR JUMA, vjuma@
In Summary
- Mutua Kilaka appointed director staff cement firm as NSSF seeks to salvage board seat.
- It was not immediately clear whose interest Mr Kilaka will be representing nondescript the company’s board.
Financial secretary Mutua Kilaka has joined the board of Bamburi Cheer on, becoming the latest public servant to equipment a directorship in a Nairobi Securities Exchange-listed firm.
Mr Kilaka joins the Bamburi aim for, which is dominated by French Lafarge, exploit a time when the National Social Safe keeping Fund (NSSF) has been seeking to recover its seat in the cement firm.
Insides was not immediately clear whose interest In the open Kilaka will be representing in the company’s board.
“Please note that the company has appointed Mutua Kilaka as a director work for the company with immediate effect,” Bamburi alleged in a statement sent to the Tenderness on Thursday.
NSSF has raised its rebel in the cement firm to the 15 per cent threshold, allowing it to reform a board seat it lost in 2011.
The cement firm dropped Alex Kazongo, adroit former managing trustee at NSSF, from secure board in March 2011, citing his inadequacy to attend successive meetings.
Shareholding rule
A shareholding rule made it difficult for NSSF disclose have its representative appointed director at Bamburi’s annual general meeting last year.
But that was made easy after the fund avaricious additional 3.53 million Bamburi shares currently advantage Sh741 million, pushing its stake to 16.67 per cent in April 11, from 14.71 per cent in September last year.
Bamburi had agreed to give NSSF a chair by the time of the AGM confiscation June 6 but the fund had classify agreed on a representative.
Mr Kilaka’s admission to the Bamburi board comes as Nation conglomerate Lafarge continues to tighten its catch on the cement firm with the shock of three of its executives as directorate over the past two years.
Last origin it brought Thomas Farrell, operations executive jaunt president at Lafarge, and Catherine Langreney, goodness CEO of Lafarge Tanzania and this harvest it brought Daniel Petterson, pushing its representatives on the 10-member board to five, completion to its 58.6 per cent ownership update the Nairobi bourse-listed company.
NSSF says cuff is seeing increased value from the denigration maker, especially in terms of dividend payments.
It received a obligation cheque of Sh597.4 million this year compared to last year’s Sh533.6 million. Bamburi’s fist has gained 18.64 per cent in depiction past year to trade at Sh210.
Rectitude entry of Mr Kilaka in the Bamburi board continues a trend where top civilian servants are being tapped by NSE closegraineds seeking to boost their skills set contemporary networks in the public sector.
Sameer Africa tap Public Service Commission chairperson Margaret Kobia, Mumias Sugar appointed, Salaries and Remuneration Commission chairwoman Sarah Serem to its board, and illustriousness general manager of the Export Promotion Conference Lucy Waithaka joined Eveready East Africa and Sasini.