Nairobi, May 7 -- Uganda has been handed a chance to determine the next occupant of Kenya Pipeline Company's corner office after the board opened recruitment for the newly listed firm's managing director.

KPC's board on Thursday put out an ad seeking to recruit a managing director following resignation of Joe Sang, just weeks after the company's shares started trading on the Nairobi Securities Exchange (NSE). Mr Sang quit amid a fuel scandal that saw three senior public officers step down.

This allows Uganda to exercise its veto power on appointment of the next managing director of the company by invoking a clause that was included in the firm's charter as an incentive for the country to acquire a Sh20 billion stake in KPC to save its i...