Savannah Cement Ltd Managing Director Ronald Ndegwa, who was voted Kenya’s best CEO in 2019, has resigned from the company under unclear circumstances.
The Savannah Cement Ltd Board of Directors says it has accepted the early retirement of the company’s founding Managing Director and CEO, raising questions over his exit.
Mr Ndegwa, who was appointed in 2013, is understood to have left to pursue other professional and personal interests, HR lingo for either resigning or being fired. The Board explained that a mutual separation agreement had amicably been reached, effective 1st August this year.
Consequently, the Board has commenced an international competitive recruitment process to fill the managing director’s position and facilitate the smooth running of the company.
“On behalf of the Board, I wish to pay tribute to Mr Ndegwa, who has provided sound and strategic leadership for this business for the last six years and eight months,” said Savannha board chairman, Benson Ndeta.
During his tenure, Mr Ndegwa led the business through challenging times and steered the ship steadily to the current market positioning as an award-winning cement manufacturer and respected development partner.
He was also instrumental in the formulation and ongoing execution of our five-year strategic plan that focuses on the delivery of strong financial and operational results. Mr. Ndegwa has overseen the foundational structure of our future growth that will see Savannah Cement heavily banking on the local and regional market opportunities.
The commissioning of the second line featuring new generation, dust-free cement manufacturing systems will also serve to enhance environmental conservation commitments alongside the market delivery requirements which will ultimately have a positive impact on our bottom-line.
“Undoubtedly, Mr. Ndegwa has left a remarkable footprint at the local and international levels and propelled the Savannah Cement brand to new horizons that were seemingly impenetrable,” said Mr Ndeta.
In November 2019, the Kenya Institute of Management (KIM) named Ronald Ndegwe, then Savannah Cement CEO, the overall Chief Executive Officer of the Year.