By Edna Mwende
National Oil Corporation of Kenya (NOCK) Chief Executive Officer MaryJane Mwangi has from parted ways with the state corporation.
In a statement on Wednesday evening, NOCK’s board stated that Ms. Mwangi had confirmed that she will not be renewing her contract.
“During a board meeting held on October 9 2019, the Chief Executive Officer communicated her decision not to renew her contract. In this regard, the board has accepted her decision,” the board chaired by Kibuga Kariithi said as quoted by the Star.
Ms. Mwangi joined National Oil in 2008 as the sale and marketing manager. She rose through the ranks to become the general manager, downstream operations and later the CEO.
The board has since “with immediate effect” appointed James Nyamongo to serve as CEO in an acting capacity “pending recruitment of a substantive CEO”-reads the Star article.
Her exit comes at a time when NOCK is still under scrutiny over the recent loss of petroleum products that rocked the corporation.
In February, the Directorate of Criminal Investigations (DCI) launched a probe into the alleged theft of Ksh100 million of products at the corporation, after nearly 900,000 litres of oil were allegedly stolen.
When she appeared before the National Assembly Energy Committee, the outgoing CEO told MPs at least seven senior managers had been interdicted to pave way for an investigation into the theft.
The corporation has been struggling financially as a result of large sums of money owed to them by other government institutions, totaling about Ksh1.1 billion, which it has exclusive supply arrangements with including fueling of state vehicles.
NOCK is a fully integrated State Corporation involved in all aspects of the petroleum supply chain covering the upstream oil and gas exploration, midstream petroleum infrastructure development and downstream marketing of petroleum products.