KQ CEO To Resign Before His Term Expires

Kenya Airways chief executive Sebastian Mikosz is set to resign in December this year before his term expires in June next year.

“I have made the decision to shorten my contract term and I have decided to resign on personal grounds effective Dec. 31,” Mikosz said in the letter. ”It is my personal decision and I have discussed it with the board and my family. I believe that this is the ideal timing to begin the transition process to find someone who will continue with the turnaround initiatives we began three years ago,”

The airline boss says he has informed the Nairobi Securities Exchange (NSE) and the Capital Markets Authority (CMA) of his decision as required by the law.

Mikosz was tapped by KQ’s board in June 2017 to pull out the loss making national carrier from the negative territory.