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Eddy Njoroge retires from KenGen
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Obi 1 Kanobi wrote:He announced his retirement at todays AGM. Leaves in 6 months.
A very big blow for the Company. Wacha aende. We need fresh blood with fresh ideas in these companies. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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CaptainGG wrote:Let him retire, it was never a permanent position. We have other eligible Kenyans too. You complain Muthaura, Nyoike etc are old yet you still want them to remain in office. Kenyans are very strange.
...well said possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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digitek1 wrote:Under his watch he laid the foundation for windpower, increased geothermal, co-generation, nuclear power, birth of GDC etc
He is no michael joseph but he is not naikuni ...nothing exceptional there,all of that was needed,what would have been the point of him being M.D if you cant direct the company he ran into achieving the goals in its strategic plan possunt quia posse videntur
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Rank: Veteran Joined: 2/25/2009 Posts: 973
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maka wrote:CaptainGG wrote:Let him retire, it was never a permanent position. We have other eligible Kenyans too. You complain Muthaura, Nyoike etc are old yet you still want them to remain in office. Kenyans are very strange.
...well said Ditto!!!
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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I am not crying for him to not retire, everything certainly has an end. I am just acknowledging one of the good guys in a not so good public sector. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Member Joined: 3/20/2009 Posts: 348
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Obi 1 Kanobi wrote:KulaRaha wrote:Why a big blow? He was a damn good MD and leader. He will be difficult to replace, from the pool of politically correct phsycophants who will be front running for the job i agree with you Obi this guy was a good MD.Dont argue to much with some folks here who tend to take or look at everything from a certain angle all the time just because his last name is Njoroge.They will never judge a character in kenya as an individual or their contribution to society.their thoughts and judgements are blinded by you know what.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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itz wrote:Obi 1 Kanobi wrote:KulaRaha wrote:Why a big blow? He was a damn good MD and leader. He will be difficult to replace, from the pool of politically correct phsycophants who will be front running for the job i agree with you Obi this guy was a good MD.Dont argue to much with some folks here who tend to take or look at everything from a certain angle all the time just because his last name is Njoroge.They will never judge a character in kenya as an individual or their contribution to society.their thoughts and judgements are blinded by you know what. @ITZ, Our difference of opinion on whether Njoroge was a good/average or poor MD should not narrow the discussion to simple thoughts as depicted above... again we question his alleged role in the sh842m, same way we do to MDs and management of KQ, olympia, CMC, AK among others... interest being value for our investments and not blinded by you know what.
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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the stock price says it all.....and agrekko.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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itz wrote:Obi 1 Kanobi wrote:KulaRaha wrote:Why a big blow? He was a damn good MD and leader. He will be difficult to replace, from the pool of politically correct phsycophants who will be front running for the job i agree with you Obi this guy was a good MD.Dont argue to much with some folks here who tend to take or look at everything from a certain angle all the time just because his last name is Njoroge.They will never judge a character in kenya as an individual or their contribution to society.their thoughts and judgements are blinded by you know what. @itz kindly be respectful of others peoples opinion you are the one dragging the tribal card into this discussion,I have gone through all the inputs on this topic and no one insinuated anywhere that its gud coz of his tribe he has resigned...new blood needed,performance thats what has been discussed no tribal affiliations...   possunt quia posse videntur
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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maka wrote:itz wrote:Obi 1 Kanobi wrote:KulaRaha wrote:Why a big blow? He was a damn good MD and leader. He will be difficult to replace, from the pool of politically correct phsycophants who will be front running for the job i agree with you Obi this guy was a good MD.Dont argue to much with some folks here who tend to take or look at everything from a certain angle all the time just because his last name is Njoroge.They will never judge a character in kenya as an individual or their contribution to society.their thoughts and judgements are blinded by you know what. @itz kindly be respectful of others peoples opinion you are the one dragging the tribal card into this discussion,I have gone through all the inputs on this topic and no one insinuated anywhere that its gud coz of his tribe he has resigned...new blood needed,performance thats what has been discussed no tribal affiliations... Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sentinel prime wrote:the stock price says it all.....and agrekko. Stock price right now says nothing. I will say anything in 2030. I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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murchr wrote:sentinel prime wrote:the stock price says it all.....and agrekko. Stock price right now says nothing. I will say anything in 2030. I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right. Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Jamani wrote:murchr wrote:sentinel prime wrote:the stock price says it all.....and agrekko. Stock price right now says nothing. I will say anything in 2030. I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right. Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life. I was referring to his decision to quit despite having a contract that would expire in 2015. Do some google and find out what the capacity of elec generated in 2003 was vis a vis now. Stop being lazy "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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murchr wrote:Jamani wrote:murchr wrote:sentinel prime wrote:the stock price says it all.....and agrekko. Stock price right now says nothing. I will say anything in 2030. I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right. Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life. I was referring to his decision to quit despite having a contract that would expire in 2015. Do some google and find out what the capacity of elec generated in 2003 was vis a vis now. Stop being lazy I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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murchr wrote:
I was referring to his decision to quit despite having a contract that would expire in 2015.
Quote from BD “He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Jamani wrote:murchr wrote:
I was referring to his decision to quit despite having a contract that would expire in 2015.
Quote from BD “He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson. Quote:I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal murchr wrote: Quote:Stock price right now says nothing. I will say anything in 2030.
I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right . On the 800M do yourself a favor and join the Mpigs as they are interrogating him, when the time comes. He's still MD till next year "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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KulaRaha wrote:This is the same guy who brought KAA to its knees? Please when did he ever work for KAA? Please get the facts right before posting. We may stop taking you seriously.
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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Jamani wrote:murchr wrote:
I was referring to his decision to quit despite having a contract that would expire in 2015.
Quote from BD “He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson. Where did BD get this silly comment. NTV aired a video of him stating the reasons for his resignation. Or may be BD means they are not disclosing the reasons to their readers even after Njoroge said it all?
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Rank: Member Joined: 9/28/2007 Posts: 44
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Good riddance.. This guy borrowed money very expensively when the market for credit was cheap. To make matters worse, this was such a long term bond that will affect Kengen for years. He even went further to use the green shoe option to take the extra cash when he did not need it. Of course they were the institutional investors who bought the bonds..tax free income!! As an investor and shareholder of Kengen, I would have sacked him a long time ago.. He has tried to expand the organisation, given massive contracts to questionable organisations, ring fenced the IPPs resulting in expensive energy... Bye bye. This share will never recover, power remains expensive, cost of business continues to rise..
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