John Ngumi resigns as KQ independent director

Kenya Airways independent non-executive director John Ngumi has resigned.

In a statement by the Board of Directors on Friday, Ngumi said he had decided to give others an opportunity to serve at the company.

“My departure is motivated by my belief that now the tough work of stabilising KQ is starting to bear fruit, it is the right time for others to come in and build on the transformational platform that the Board and Management of KQ have created,” he said.

Ngumi said he will continue to believe in KQ’s strategic and economic importance to the country.

He has been an associate at the company since its establishment in 1977 and occasionally served as the airline’s banker and financial advisor.

He was first elected to the Board in 2019 and was central to concerted efforts by the Board and Management that saw KQ overcome extreme challenges faced at the time and after.

He oversaw the company’s transformation journey and ensured growth as the chair of the Board’s Audit and Risk Committee.

“Ngumi leaves at a pivotal moment for KQ having contributed immensely to KQ’s improved operating performance, and to the strategic coherence now apparent in Board discussions,” the Board said.

It lauded him for his dedication and time at the airline.

“The Board of Directors of KQ takes this opportunity to thank Ngumi most sincerely for his unwavering dedication, and for his immense and invaluable contributions to KQ throughout his tenure as a Board Member, and wishes him the best for the future.”        BY THE STAR