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UAP Holdings said Friday that Peter Mwangi has resigned from his position as chief executive, and named Arthur Oginga chief executive.
He will be pursuing new interests and his resignation is effective on April 14, 2020.
Arthur Oginga was currently serving as the Chief Operating Officer for Old Mutual Africa. Prior to that, for the last two years he has been the Acting Chief Financial Officer for UAP Old Mutual based in Nairobi.
“Peter’s departure is a regrettable loss, but we wish him nothing but the very best as he embarks on the next phase of his career,” Dr. J.B. Wanjui, Chairman of the Board said.
Peter is credited with the integration of the UAP Old Mutual Group including Faulu Microfinance Bank Limited and the entrenchment of a strong governance culture which has translated to improved performance of the underlying subsidiary companies.
“Arthur is not only familiar with the East Africa business but is also highly experienced and able to take the helm and enable a seamless transition. Arthur will also provide the necessary stability during these turbulent times globally, to steer the business to the next level without any undue internal disruptions,” the Board Chairman said.
Arthur holds a Bachelor of Arts (B.A.) in Economics & Sociology from the University of Nairobi.
