Michael Joseph’s term as Kenya Airways’ Chairman has been extended for another 3 years after the airline’s shareholders approved his re-election at their 43rd annual general meeting held on Monday.
“I want to thank shareholders for showing confidence in me. We are working towards efficient network planning and closure of non-profitable routes,” said Joseph soon after his re-election.
The former Safaricom chief executive began his term at the airline in 2016 when he took over from the current Toyota Kenya chairman Dennis Awori.
His re-election comes soon after the current CEO Sebastian Mikosz announced that he will be resigning from the helm of the airline in December 2018.
“We have started a search for a new CEO- a seasoned airline executive,” said Mr. Joseph.
During the meeting, Kenya Pipeline Company (KPC) chairman John Ngumi was elected to the Kenya Airways (KQ) board replacing Jason Kapkirwok who has retired.
Kenya Airways will continue to implement prudent financial management and the turnaround initiatives started in 2018. Continuous improvement of operations, efficient network growth and improvement of service quality and delivery are necessary to enable the airline to hold its own in a highly competitive environment.
In line with global practice, Kenya Airways has embraced the unbundling of products and services and will be introducing several measures to grow its ancillary revenue. Kenya Airways is also focusing on reducing its operating costs while paying close attention to customer delight initiatives.
Commentary from Micheal Joseph, 29th April 2019.