Ex-speaker Marende voted out of Kenya Power board
Kenya Power shareholders have voted out their Chairman Kenneth Marende from the board of directors after serving for three years.
Marende retired from the board recently but still being eligible, he offered himself up for re-election for one of three vacant seats on the board.
The move is seen as a power play by the government which is the majority shareholder to appoint a new chairman to steer the running of the state owned utility firm.
During the voting for new directors, the three new directors each garnered above 970 million votes while Marende who is also former speaker of the National Assembly managed a mere 2.3 million votes. Each shareholder votes and their vote(s) is equivalent to their shares.
The firm’s three new directors are Mahboub Maalim Mohamed, Adil Khawaja and Zipporah Jesang Kering who was re-elected to the board.
Energy Cabinet Secretary Charles Keter is now expected to pick a new chairman from the list of directors.
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