Kabeberi, prior to his exit, served as the Chairperson of the Board Audit and Risk Committee and a member of key committees.
Kenya Airways Board of Directors on Wednesday, November 27 announced the resignation of James David Kabeberi as an independent non-executive director.
The Board of Directors of Kenya Airways Plc (KQ) made the announcement through the Nairobi Securities Exchange (NSE), where the national airline is listed.
“This announcement is made pursuant to the Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations 2023, promulgated under the Capital Markets Act.
“The Board of Directors of Kenya Airways Plc (“KQ”) hereby announces the resignation of Mr. James David Kabeberi as a director of the Company,” a statement obtained and verified by Viral Tea which communicated the resignation, read in part.
Outgoing Kenya Airways board director, David Kabeberi. /BUSINESS TODAY
Kabeberi, prior to his exit, served as the Chairperson of the Board Audit and Risk Committee and a member of key committees.
The airline further disclosed that he served as the Chairman of Fahari Aviation Ltd., which is a subsidiary of the company.
“The Board wishes to express its deepest and most sincere gratitude to Mr Kabeberi for his invaluable and robust contribution to the Company during his tenure and wishes him the very best in his future endeavours,” added the announcement.
Kabeberi joined the KQ board in June 2023 after replacing John Ngumi, a renowned banker and finance expert, who served on the board for about three years.
Kabeberi has over 40 years of experience in accounting, finance, and business strategy, among others. He also served on the boards of First Assurance Company Ltd. and Proctor and Allan Ltd.
He is a qualified professional accountant and a registered member of the Institute of Certified Public Accountants of Kenya (ICPAK) and is currently enrolled for an MSc in Finance and Accounting.
On August 30, 2024, KQ announced a series of strategic appointments and organizational changes aimed at enhancing operational efficiency and driving sustainable growth. The changes, which took effect on September 1, 2024, are designed to optimize the Company’s strategy and operations as it continues on its upward trajectory witnessed this year.
As part of these changes, Kenya Airways as of Friday, August 30 appointed Hellen Mwariri Mathuka, previously KQ’s Chief Finance Officer, as the new Chief Strategy and Innovation Officer.
To ensure business continuity, Mary Mwenga was appointed Acting Chief Finance Officer. Mwenga wields over 20 years of experience in finance and previously served as Head of Business Performance & Reporting.
For the first half of the financial year ending June 30, 2024, KQ achieved a profit after tax of Ksh513 million, from the Ksh21.7 billion loss reported in the similar previous period. This was the first time the airline reported a profit after tax since 2013.
An aircraft model of a Boeing 787-8 Dreamliner bearing Kenya’s national carrier, Kenya Airways (KQ) logo stands outside the headquarters of Kenya Airways in Nairobi on February 6, 2024. /AFP
