Britam Holdings, a diversified financial services company, has named former CIC Insurance boss Tom Gitogo as Group Managing Director and Chief Executive Officer, effective September 1, 2022.
His appointment is subject to the Insurance Regulatory Authority’s approval.
Mr Gitogo takes over from acting MD Charles Njuguna. Mr Njuguna, the finance director, took over from Tavaziva Madzinga in April, following his exit after just ten 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.
Mr Gitogo has over 20 years of experience in the insurance industry. He has served in various capacities, including as Chief Executive Officer (CEO), CIC Insurance Group and Pan Africa Life (now Sanlam Insurance).
He worked for CIC Insurance for five years, overseeing the group’s business in Kenya, Uganda, South Sudan, and Malawi; worked at Sanlam for seven years; and also seven years with Britam during his early industry experience, where he left as Finance Director.
Prior to joining the financial sector, Tom had over ten years of experience with PwC, including a stint in the UK.
Mr Gitogo holds a Master of Business Administration (Strategic Management) from Moi University and a Bachelor of Science in Civil Engineering from the University of Nairobi.
“The Board is confident that the company will benefit immensely from Mr. Gitogo’s skills, knowledge, and vast experience,” said Board Chairman Kuria Muchiru.
“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 stabilise our financial performance.”
