NAIROBI, Kenya — Kenya Electricity Generating Company (KenGen) has announced changes to its board structure following governance reforms approved by shareholders earlier this year.
In a public notice, the state power producer said three independent non-executive directors have relinquished their positions effective March 5, 2026, after amendments to the company’s governance framework.
The directors stepping down are Alfred Agoi Masadia, Rehema Hassan, and Bernard Ngugi.
Governance reforms approved
KenGen said the changes follow amendments to the company’s Articles of Association approved during an Extraordinary General Meeting (EGM) held on February 12, 2026.
According to the company, the reforms were designed to strengthen its governance framework, including restructuring the composition of the board to enhance independence, accountability, and long-term institutional oversight.
“The amendments approved by shareholders provide for a revised governance structure and board composition intended to further strengthen independence, accountability, and long-term institutional oversight within the company,” the notice said.
Appreciation for outgoing directors
The board paid tribute to the outgoing directors for their role in guiding the company during a period of significant growth and transformation.
Former board chair Alfred Agoi Masadia was credited with providing strategic leadership that helped KenGen record its highest-ever profit after tax of approximately Sh10 billion during his tenure.
KenGen said the outgoing directors played an important role in strengthening the company’s governance systems, strategic direction, and institutional resilience.
Focus on operational excellence
The company said it remains focused on operational excellence, financial sustainability, and delivering long-term value to shareholders.
KenGen also reaffirmed its commitment to strengthening leadership, governance oversight, and the implementation of strategic initiatives as it continues to play a central role in advancing Kenya’s clean and reliable energy future.
The announcement was issued by Managing Director and CEO Peter Njenga on behalf of the board.
