Kenya Airways [Photo/Nairobi News]
Kenya Airways (KQ) has appointed Carol Musyoka and Martin Uduor to its board of directors effective immediately.
According to reports, Musyoka and Oduor will be responsible for representing the KQ lenders company is currently has a 38.1% stake in the company following a $217 million debt conversion into equity.
Musyoka brings 10 years of financial leadership experience to the company. She previously worked as a Corporate Director at Barclays Bank of Kenya as well as the Executive Director and Chief Operating Officer of Sidian Nank.
Oduor is an accountant and businessman who served as the group chief executive of Kenya Commercial Bank Group for five years. He was also appointed non-executive director of Standard Bank Group in South Africa.
The appointment comes at a time when the company plans a major turnaround following a government take over 48.9 percent of shares and the conversion of debt into equity.