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Margaret Odhiambo exits Eveready East Africa

Margaret Odhiambo exits Eveready East Africa

Listed battery distributor Eveready East Africa has announced management changes with the exit of managing director Margaret Odhiambo after a three-year stint.

The Board appointed Thomas Masaki as acting managing director pending the appointment of a substantive MD. The firm’s Board said that Ms Odhiambo, only one of the seven female CEOs in the NSE, had played an integral part in implementing Phase 1 of the Company’s recovery strategy under its strategic plan 2018-2022.

“In her tenure, the company has recorded tremendous organic growth in its new growth drivers and through it achieved consistent year on year improvement in the company’s bottom-line decision. The Board wishes to thank Margaret for her service over the past 12 years,” said the Board.

Mr Masaki joins Eveready from Sameer Management Limited – a member of the Sameer Group – where he served as a manager in finance.

He has served on various boards including Yana Oil and Aristocrats Concrete. Read More

Eveready East Africa, whose share was at Sh1.05 on Tuesday, has been on a loss-making streak and issued a profit warning early this year.

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