East African Portland Cement has announced the appointment of Mohamed Osman Adan as acting Managing Director of the firm effective 28th May 2024.
He has over a decade of working experience in Senior Management and Executive positions at EAPC PLC and he is also trained in Strategic Leadership and Development.
“The Board of Directors (the “Board”) of the Company wishes to inform the shareholders that Mr. Mohamed Osman Adan has been appointed as the Acting Managing Director of the Company with effect from 28th May, 2024,” stated East African Portland Cement.
Mohamed Adan is a Certified Public Accountant, a Certified Investment and Financial Analyst.
He holds a Bachelors of Arts in Economics from the University of Nairobi (UoN) and a Masters in Economics from the same university.
Currently, Adan is pursuing a PhD in Economics from UoN.
He is tech-savvy with advanced knowledge in financial management,
performance management and reporting with strong presentation skills and the ability to communicate with transparency.
“The Board of Directors takes this opportunity to Congratulate Mr. Adan on his new role,” added the cement maker.
In March, the cement maker temporarily shut down its operations for routine maintenance to allow for upgrade and streamlining of its operations to reduce downtime and optimise energy consumption.
The firm has been in operation since the 1930s.
EAPCC recorded a loss of Ksh1.28 billion for the financial year ended June 2023, despite making a profit of Ksh524 million in the previous year.
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