Benson Wairegi has announced his retirement from Britam after 40 years of service.
Wairegi who is the Group Managing Director has opted not to seek a new term once his current three-year contract expires in December.
“The board is seized of the matter. They have actually engaged and started a search for my successor. Whether it’s internal or external (replacement), that’s now for the board to decide. But the process actually began as long as two years ago. That should not worry about the market, should not worry about anybody. When I leave, there will be that pool of leaders who can take over from me,” he said.
He holds a 4.01 percent stake worth Ksh715.7 million making him eligible as a board director.
He is also the Chancellor of Kenyatta University, a former chairman of the Association of Kenya Insurers (AKI) and former board member of the Board of Trustees of the Insurance Training and Education Trust (ITET).
He is also a director of HF Group Limited and Scale-Up Kenya (an affiliate of Endevour Global Inc.).
Britam is a leading diversified financial services group listed on the Nairobi Securities Exchange. The Group has a presence in seven countries in Africa namely: Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
The Group offers a wide range of financial solutions in life assurance, general insurance, health insurance, retirement planning, asset management, property, and banking.