John Mugo has been appointed as the new managing director for Sameer Africa effective January 1, 2023.
Mugo takes over from Peter Gitonga who has been serving in an acting capacity since August 2019. Gitonga is set to leave the company on December 31, 2022.
“The board takes this opportunity to congratulate him on his appointment,” said the company secretary Mercy Mbijiwe in a statement.
Mr Mugo holds a bachelor’s degree in mechanical engineering from the University of Nairobi.
He is also a member of the Institute of Certified Public Accountants of Kenya and the Institute of Directors of Kenya.
He has served as the Chief Operations Officer at the Kenyan-based Real Estate Invest Holding Company, Group Chief Operating Officer at a listed infrastructure investment group with operations in six African countries.
Sameer Africa closed its Nairobi tyre factory in 2016, citing its inability to compete with importers.
The company fully owns Sameer Industrial Park and Sameer Export Processing Zone.
It also has a stake in Sameer Business Park — a complex of commercial offices along Mombasa Road, Nairobi.
Sameer also owns an estimated 85 acres of freehold land in Nairobi’s Embakasi that it bought decades ago.
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