Office –Standard Group Limited SGL has appointed Joe Munene in the acting capacity Chief Executive Officer CEO following exit of Orlando Lyomu.
The struggling media house made this change in today’s notice published in the Standard newspaper issue of Friday July 7.
“The Board has appointed Mr. Joe Munene as the Acting Chief Executive Officer with effect from 6th July 2023. Mr. Munene is currently the Company’s Managing Director – Broadcast Division,” the Company Secretary Millicent Ng’etich announced on Friday, July 7.
The second largest media house in the country after Nation Media Group, started showing signs of financial challenges immediately after the death of major shareholder, Daniel Moi.
As of today, the situation in the media house is not so good as workers continue going without salaries and allowances.
It is confirmed that the drastic fall in advertising revenue makes the main reason the media house can nolonger make a strong come back.
Before his elevation to the CEO position, Munene, an insider, has been serving as the company’s Managing Director Broadcast Division.
