KQ Searching For New CEO

kqRegional market leaders Kenya Airways have moved fast to find a replacement for retiring Chief Executive Officer Titus Naikuni whose contract has been extended by a year till the end of 2014 to ensure continuity during a critical expansion period, and that the search for his successor had already started.

Mr Naikuni, 60, has been at the helm of the airline since 2003 and the carrier is counting on him to shepherd KQ’s expansion into new routes that will be aided by the delivery of new fuel-efficient planes next year

Under his leadership, KQ’s annual sales have grown to more than Kenyan Sh100 billion from Ksh27.4 billion in 2003.

The Kenyan national carrier is now flying to 62 destinations from 25 and its plane count had risen 45 in March from 25 when he took the helm.

Dutch airline KLM owns a 26.3 per cent stake and has had a say on who occupies the top seat at KQ since its listing at the Nairobi bourse in 1996.

 

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