Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi
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Crap! Shit! Poo! Olympia Capital Board and management changes
Investment company Olympia Capital has announced the departure of its CEO and Board member, Mr. Kenneth Kareithi, from the company. He will be replaced by the Group Finance Manager Mrs. Gladys Kamau on a temporary basis before the company appoints a substantive CEO. The company’s Country Manager in Botswana, Mr. Shyamal Bhavani, has retired and will be replaced by Mr. Alex Kimani. Olympia Capital has 2 subsidiaries based in Botswana, namely Kalahari Floor Tiles Limited and Olympia Capital Corporation. The subsidiaries are mainly engaged in the manufacture and sale of products used in the construction industry. (Source; Company)
So the CEO (Kenneth) got tired of being in charge of a crappy firm. And the one decent manager (Botswana) they had, who ran the only profitable subsidiary, has retired. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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