Businesses & Financial News

Was suspended KTDA chief Lerionka Tiampati shown the door?

Long-serving KTDA Holdings Chief Executive Officer, Mr. Samuel Lerionka Tiampati has left the company effective September 9th, 2021. Mr. Tiampati applied for an early exit before the expiry of his contract and this was approved by the board this week.
Prior to his exit, Mr. Tiampati was on compulsory leave and his position had been filled by Mr Wilson Muthaura in an acting capacity.
Mr. Tiampati joined KTDA as the Managing Director in 2004 from Kenya Tea Packers Limited (Ketepa) where he served as the CEO of the tea packing subsidiary company which is majority-owned by KTDA.

Mr Tiampati and five other officials, who were suspended on June 20, were to know their fate after the lapse of a three-month leave.

The board said the suspension would allow investigations on their conduct.

Other members who were sent on leave include company secretary John Omanga, managing director Alfred Njagi, finance and strategy director Benson Ngari and David Mbugua, general manager ICT.

The board said forensic audit of the operational and financial system will be undertaken in due course and that procurement contracts will be reviewed to ascertain value for money and determine if the services and goods were obtained within the market benchmarks.

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