Kenya Airways is said to put CFO Mwariri on compulsory leave

Kenya Airways sent acting CFO Hellen Mwariri on compulsory leave, according to 3 people with knowledge of the matter. Mwariri is under investigation by the board for allegedly leaking sensitive company information, 2 of the people said. CE Sebastian Mikosz appointed Mwariri as acting CFO in Nov 2017 to overhaul the loss-making carrier. At the time, a former CFO was suing the airline for wrongful dismissal. The carrier said last month its first-half losses almost tripled, partly due to a switch to IFRS 16 reporting standards that came into effect Jan 1. The govt, the airline’s main shareholder, supports a proposal by lawmakers to the carrier. Kenya Airways stock is the worst performer on the Nairobi Securities Exchange, having plummeted 73% this year. <br/>