Job Title: Group finance and strategy director
Company: Kenya Tea Development Agency
Simeon Kiprotich Rugutt is the Group Finance and Strategy director for the Kenya Tea Development Agency (KTDA).
He is an experienced finance professional with over 20 years experience in the field and a proven track record of developing and implementing financial planning and analysis as well as being a strategic business developer with tested experience in corporate policy.
Simeon started a KTDA in 2011 as the head of Factory Accounts, and moved into the position of financial controller before taking on the Finance director role in 2020 and Group Finance and Strategy director in 2021.
Simeon is currently reading for a PhD in Finance at Kenyatta University. He holds an
MBA in Finance from the same institution and a B.Com in Accounting from the University of Nairobi. He is also a certified public accountant.
Work
January 2021 – Present: Group Finance and Strategy Director, Kenya Tea Development Agency (H)
July 2020 – January 2021: Finance Director, Kenya Tea Development Agency (Management Services)
August 2016 - July 2020: Financial Controller, Kenya Tea Development Agency (Management Services)
January 2011 - August 2016: Head of Factory Accounts, Kenya Tea Development Agency ((Management Services)
May 2000 - December 2010: Chief Accountant, James Finlay
September 1999 – May 2000: Senior Auditor, Shah & Associates
Education
Current: Phd in Finance, Kenyatta University
Current: Advanced Management Programme, Strathmore Business School
2019: Senior Management Leadership Programme, Strathmore Business School
2018: Master of Business Administration (Finance), Kenyatta University
1999: Bachelor of Commerce (Accounting), University of Nairobi
Kenya Tea Development Agency
KTDA is a private company owned by about 600,000 smallholder tea farmers spread across 16 tea growing counties in Kenya. The farmers are shareholders to 54 tea companies that own KTDA (H) and its 8 subsidiary companies.
Some tea factory companies have satellite factories, resulting in 69 tea factories owned by smallholder tea farmers.
The eight subsidiary companies owned by KTDA (H) add value to the tea value chain. These companies include Chai Trading Company Limited, KTDA (Management Services), Majani Insurance Brokers, Kenya Tea Packers Limited, Greenland Fedha Limited, KTDA Foundation, Tea Machinery and Engineering Company Ltd, KTDA Power Company Limited and KTDA (MS).
