By EDWIN OKOTHMore by this AuthorThe cash-strapped Mumias Sugar Company is seeking to hire a new Chief Executive to take over its bumpy turnaround plan. The troubled miller, currently shut down for maintenance, has advertised the position as Mr Errol Johnston‘s two-year renewable term comes to an end in August. A management transition coming shortly after a recent board overhaul and amid the transformation headwinds could disrupt the miller’s hopes of emerging from the financial troubles. Troubles are always there and that is why were are working to turn around Mumias,” said Moses Owino, the corporate strategy planning and communication manager. Profit warningThe miller has gulped Sh2 billion from the government in bailouts without any major visible turnaround according to its financial results.

Source: Daily Nation May 03, 2017 18:56 UTC