ICEA LION on Friday said its General Insurance Business chief executive officer Paul Muthaura has resigned, mainly on medical grounds. His position has been filled in with Mr Philip Lopokoiyit.
“This appointment arises from the need for Mr Paul Muthaura to step down from office in line with medical advice to allow for his complete recovery following an accident in early 2021,” James Ndegwa, Chairman ICEA LION Group said.
Ndegwa said during his tenure, he had been instrumental in providing exemplary leadership during the Covid-19 disruption ensuring business continuity and development of relevant innovations to ensure business success.
Muthaura joined ICEA in April 2020 as a chief operating officer after a 14 tenure at the Capital Markets Authority (CMA).
Paul will support Philip’s transition to the new role until Oct. 31, 2021.
“Philip brings over 20 years of commercial and financial leadership expertise to the role. He is a seasoned commercial and market transformation expert with both executive and non-executive board member experience,” Mr Ndegwa said.
“Noting his diverse regional and country executive leadership positions, the Board is confident in the adaptability, growth and change management competencies he will bring to the business,” said Ndegwa.
Philip holds a Master’s Degree in Business Administration from Warwick Business School, United Kingdom and a Bachelor of Commerce in Accounting from the University of Nairobi.
He is a member of the Institute of Certified Public Accounts of Kenya, a Fellow member of the Institute of Chartered Accountants in England & Wales and a Member of the Chartered Institute of Management Accountants, UK.