Eveready taps KenGen board member as it steps up recovery

Battery maker Eveready has announced the appointment of Kenya Electricity Generating Company (KenGen) board member Joseph Sitati as an independent non-executive director as the company enters the second year of implementation of its four year recovery plan.

In a notice to the Nairobi Securities Exchange (NSE) and the Capital Markets Authority (CMA) on Tuesday, the Eveready board announced the appointment of Mr Sitati, 45, a finance and audit professional with a background in finance, retail, management, operations and information technology and logistics.

The new director has over 22 years’ experience having worked across various sectors in finance and audit.

He has served as Chief Finance and Administration Officer at Deacons East Africa Plc, Commercial Finance Manager- Central East and West Africa Business Unit, the Coca Cola Company Nairobi.

The finance and audit expert has also served as the Group Finance Director at Old Mutual group and as Finance Manager at the Shell BP Kenya Limited and an Audit Senior at PricewaterhouseCoopers Kenya.

Mr. Sitati is currently a board member at KenGen where he also serves as a board member of the Strategy and Finance Committee as well as the Audit, Risk and Governance Committee.

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He is a graduate of the University of Nairobi (UON) having earned a Bachelor of Science in Mechanical Engineering. He is also a fellow of the Chartered Certified Accountants and Platinum member of the Information System Audit and Control Association.

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The NSE listed firm is currently implementing a four year recovery plan after it shut down its dry cell plant in Nakuru in 2014 as it struggled to keep up with competition from low cost imports.