Britam has appointed former CIC Insurance boss Tom Gitogo as the new managing director. Gitongo once served as finance director for Britam.
Mr Gitogo takes over from acting MD Charles Njuguna on September 1. Mr Njuguna, the finance director, took over from Tavaziva Madzinga in April, following his exit after just 10 months in office.
Mr Madzinga, who left for South African insurer Santam, was appointed as the group managing director in 2021 to replace long-serving Benson Irungu Wairegi, who served the company for more than 40 years.
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Former PwC head Kuria Muchiru was appointed Insurance Group Britam Holdings chairman, replacing Mr Karama.
“The Board of Britam Holdings Plc is pleased to announce the appointment of Mr Tom Gitogo as the Group Managing Director and Chief Executive Officer effective September 1, 2022, subject to the Insurance Regulatory Authority’s approval,” the insurer said.
“We are very excited to have Tom join as the Group Managing Director and CEO and are convinced that he is the right person to drive our new customer-centric transformational strategy to achieve our revenue growth and stabilisation of our financial performance,” said Mr Muchiru.
Mr Gitogo was in charge of CIC group in Kenya, Uganda, South Sudan and Malawi for five years.
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