NewsEast & Horn AfricaKenya Airways picks operations chief Ngunze as new CEO

Fri,24Nov2017

Posted on Tuesday, 24 June 2014 14:57

Kenya Airways picks operations chief Ngunze as new CEO

Mbuvi Ngunze Kenya Airways has picked chief operating officer Mbuvi Ngunze to be its new chief executive to replace Titus Naikuni who will retire at the end of this year, it said on Tuesday.

Kenya Airways, partly owned by Air France-KLM and the Kenyan government, is in the middle of modernising its fleet and plans to add new routes.

Aviation is a very challenging industry and it requires somebody who at least has been in the industry

 

Ngunze, who takes over from Naikuni in December, has been in his current role since September 2011.

He is a chartered accountant who started his career with Price Waterhouse in 1990.

Analysts said Ngunze's appointment offered continuity and that his current role had prepared him for running a complex business.

"Aviation is a very challenging industry and it requires somebody who at least has been in the industry," said Eric Musau, a research analyst at Standard Investment Bank.

Kenya Airways, one of Africa's largest carriers, is scheduled to present its financial report for the year ended March on June 25.

Musau said the company was likely to return to profit helped by staff cost reductions, after a loss last year when the business was hit by worries about possible election violence - which did not materialise - and attacks on Kenya by Islamists.



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