Mr Lerionka Ole Tiampati, the managing director of Kenya Tea Packers, was yesterday named the CEO at East Africa Portland Cement (EAPC) company.
Trade and Industry minister Mukhisa Kituyi said the appointment was made after a rigorous executive search done with the help of PriceWaterhouseCoopers.
Mr Tiampati takes-over from Mary Ngari, who has been the acting since Mr Emmuel Birya Charo was sacked late last year.
The minister was speaking during a news briefing at his Nairobi office. He said the Government reserved the right to make management changes at the parastatal because of its majority shareholding. The largest minority shareholder in the cement maker is , Lafarge, which has 42 per cent shares.
Kituyi said once ongoing re-organisation of the firm’s management is over, the Government through its different arms would engage Lafarge on how to use their near monopoly in the cement market to serve the country’s economic interest. He said that although a situation of total monopoly is yet to occur, the possibility was real given the current arrangement where the group has either direct or indirect interest in all major cement firms including East Africa Portland Cement, Bamburi and Athi River Mining.
