Return of Fired CFO Presents New Headache for Kenya Airways
- Alex Mbugua’s court victory may set off similar suits
- Carrier is in midst of debt-for-equity conversion plan
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Kenya Airways Ltd.’s court-ordered reinstatement of its former finance director threatens to undermine the newly appointed chief executive officer’s bid to overhaul the debt-laden carrier.
Alex Mbugua, who was dismissed in January 2016, on Tuesday won a High Court bid to be allowed to return to work or be paid three years’ salary plus compensation. His reinstatement was ordered four days after Chief Executive Officer Sebastian Mikosz named Hellen Mwariri as acting group finance director and moved Dick Murianki, who replaced Mbugua last year, to the head of cargo operations. The carrier is consulting its lawyers on the court order, it said in a statement on Wednesday.