Longhorn banks on new MD to grow company’s revenue

Barely two months after publishing firm Longhorn elevated Maxwell Wahome to the position of Managing Director in an acting capacity on July 12, 2018, the publisher confirmed his appointment on a permanent basis.

Mr. Wahome joined Longhorn in September 2016 and had been serving as Chief Operations Officer before his appointment as acting group managing director on July 12, 2018. He was confirmed on September 4.

The new managing director will be expected to grow the company’s revenue after it posted an impressive 37 per cent increase in net profit in the financial year ended June 30 2018.

Longhorn posted Ksh183 million in net profit in 2018 up from Ksh133 million in 2017.

Before Longhorn, Wahome had been serving in the Assurance Practice of PricewaterhouseCoopers in Nairobi and Johannesburg for 11 years.

He is a certified public accountant as well as a certified information systems auditor and holds a Bachelor of Commerce Degree in Accounting from the University of Nairobi.

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He is currently pursuing a Master’s Degree in Strategic Planning from the Heriot Watt University, Edinburgh Business School.

“The board is confident in Mr. Wahome’s leadership in the next phase of the business as the company implements its 2018-2019 strategy,” the company’s board said in a statement on September 4.

Mr. Wahome’s appointment follows the resignation of former MD Simon Ngigi on July 12.

Ngigi has however stayed on since his resignation to facilitate a smooth transition of the company’s leadership.

The former MD joined the Group in May 2015.