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Originally published by Capital Businessbusiness
October 3, 2025
1y ago
Rao exits Crown Paints after 20 years, Turra named CEO
 NAIROBI, Kenya, Oct 2 - Crown Paints CEO Rakesh Rao has stepped down after two decades at the helm, with Mustafa Turra, formerly of Olam Agri Kenya breaking news | Kenya news today |..
✨ Key Highlights
After two decades, Rakesh Rao has stepped down as CEO of Crown Paints, with Mustafa Turra appointed as the new Group CEO. This leadership change follows a significant financial turnaround for the paint manufacturer.
- Crown Paints reported a Sh544 million profit after tax in 2024, recovering from a Sh29 million loss the previous year.
- Mustafa Turra, formerly of Olam Agri Nigeria, takes over from Rakesh Rao.
- The company's revenue increased by 8 percent to Sh13.5 billion, driven by a 19 percent sales jump and a stronger shilling.
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