The departure of a man who presided over the consistent loss of billions of shillings at the giant Mumias Sugar Company over a period of more than the last three years Dan Ameyo has eventually become a reality as predicted by Angaza News.
The departure which was authoritatively first broken to the public domain by Angaza News recently became a reality this week when eventually Mr. Ameyo who has been the chairman of the company’s board of directors relinquished that position.
Impeccable sources have revealed to Angaza News that the treasury has pressured him to quit the office before the company’s Annual General meeting which is scheduled for December 7th, 2016 in Kisumu at the Tom Mboya Labour College.
According to a notice published by the company secretary Ronald Lubya other directors who were expected to leave the board during the AGM were Elizabeth Kyengo and J.K Barorot with Ameyo leading the pack.
According to impeccable sources he is also no longer a member of the board to which he came under unclear but questionable circumstances after being a boss at the Kenya Postal Corporation.
As at the time of going to press it was not clear who was going to replace Mr. Ameyo at the helm of the financially troubled Mumias Sugar Company, but un-confirmed reports reaching us indicated that the Chief Executive Officer (CEO) Mr. Errol Johnson might also be leaving to be replaced by a one-time factory manager at the company, Mr. Nashon Aseka.
Mr. Aseka before he was bundled out of Mumias Sugar un-ceremoniously by the now Nairobi City County Governor, Evans Kidero had worked under Mr. Johnson during his first tenure as the company’s CEO under the Booker Tate Plc of London management contract. Mr. Kidero was the first African CEO who took over from Mr. Johnson and presided over the systematic shelling of the firm before departing to join politics.
Since Ameyo took over the company’s chairmanship Mumias Sugar has consistently posted losses every year amounting to billions of shillings forcing the government to intervene with bailout cash of more than Kshs. 2 billion and re-call of Mr. Johnson to manage it and try to salvage the company from total collapse.