Premium
Second East African Cables CEO resigns in two years
East African Cables’ chief executive Peter Arina. FILE PHOTO | NMG
What you need to know:
- Peter Arina's exit coincided with a deterioration in the firm’s performance in the half-year ended June when sales, earnings and shareholder funds all dropped by double to triple digits.
- Mr Arina was appointed CEO in October 2015 to replace George Mwangi who had resigned a month earlier to launch his start-up milk firm.
East African Cables’ #ticker:CABL chief executive Peter Arina has resigned from the company, marking the second such departure from the corner office in two years.
Mr Arina’s exit coincided with a deterioration in the firm’s performance in the half-year ended June when sales, earnings and shareholder funds all dropped by double to triple digits.
