Millennium investment holdings appoints new CEO

Martin Endjala

Millenium Investment Holdings has appointed Miguel Hamutenya as the new Chief Executive Officer, succeeding Hafeni Vilho who has been the Managing Director for over three decades. He has stepped down for personal reasons, the group said.

An announcement issued on Friday by the group indicates that Hamutenya’s appointment is effective from 1 June 2023.

Hamutenya holds an Honours Degree in Business Management from the United Business school in Madrid, a Diploma in Business Communications from the Norwegian Business School and a Corporate Finance certificate from the European school of economics in London.

He is currently pursuing a Masters in Energy and Sustainability from the University of Cumbria. Since 2016, Hamutenya has served in different positions at Millennium Investments, including co-heading it. Presently, he serves as the Executive Director of Millennium Group of Companies.

He is also a Regional Executive Manager of Validus Energy, an outfit owned jointly by Vitol and Millennium Power, a bulk importer and marketer of refined petroleum products. He also serves on the various boards of subsidiaries within the Millennium Investment group.

Millennium Investments recently acquired a stake in Central Gas, a promising entity which is involved in wholesale, distribution and retailing of LPG and industrial gas.

Hamutenya’s vast involvement in petroleum trading has landed him a seat on the executive committee of several petroleum associations, the group stated.

The new man behind the wheel expressed his excitement for his new role, saying that his appointment is testament to the commitment the company has in youth empowerment, adding that he will ensure that the futuristic business adopted over the years is not only maintained, but also improved upon.

“I am grateful for the opportunity to lead this brilliant team. I am confident that with the support of the team, I will be able to execute the duties assigned to me,” Hamutenya said.
Meanwhile, the company’s Executive Chairman, Mathews Hamutenya said that the management team believes and is confident that Hamutenya’s appointment as the Group CEO aligns well with the company’s envisaged business model of breaking commercial barriers and always challenging itself to be at the forefront of business innovation.
Mathews has since implored all internal and external stakeholders to support Miguel in his new era as the company continues being a multi-sectoral investment business hub aimed at unlocking unlimited commercial opportunities across the world.

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