NAIROBI (Halbeeg News) – Kenya Airways chief executive Sebastian Mikosz has announced his resignation from the helm of the airline in December this year before his term expires in June next year.
The surprise announcement draws Mikosz management at the airline to a close.
He told workers in a memo that he would quit the airline citing unnamed “personal reasons.”
“Since I started working as CEO at KQ I have always tried to inform you about any management decisions before you learn it from the public domain. It is in line with this practice that I would like to take this first chance to inform you that I have made the decision to shorten my contract term and I have decided to resign on personal grounds effective December the 31st of this year,” said Mr. Mikosz.
“It is my personal decision and I have obviously discussed it with the Board as well as with my family. I believe that this is the ideal timing to begin a transition process to find someone who will continue with the turnaround initiatives that we began 3 years ago,” he said.
Kenya Airways chairman Michael Joseph confirmed the exit in a separate memo to the airline’s workers.
“As you are already aware, Sebastian will be leaving us at the end of 2019. Although I am really sad to see him leave, this has been a result of long and personal discussions with myself and the Board and with his family,” said Mr. Joseph.
2018 was the fifth consecutive year that Kenya Airways shareholders missed dividend payouts.
The carrier last declared a dividend of Ksh0.25 per share for the year ended March 2012, when it made $15.8 million) net profit.
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