Executives at Kenyan insurance giant Britam were so put out by Zimbabwean national Tavaziva Madzinga being parachuted in to head the company that they forced the previous incumbent, Benson Wairegi,
Madzinga’s appointment followed an in-depth recruitment process which according to Britam spanned over two years.
He takes over from Benson Irungu Wairegi who is set to retire as Britam boss by 31st January 2021.
In an internal circular to directors and staff at Britam issued, company chairman Andrew Hollas said that Wairegi has served Britam diligently for 40 years and has helped grow the company from a small home service insurance to a listed multinational company at the Nairobi Securities Exchange, with presence in 7 countries in Africa.
“On behalf of our shareholders and the Board, I want to express my deep appreciation to Dr. Wairegi for his steady leadership which has seen Britam experience rapid growth during his tenure as the Group Managing Director. The Board appreciates Dr. Wairegi’s service and wish him the very best in his future endeavors. As a result of his experience in the Industry, Britam will continue tapping into his skills in different capacities,” said
THE STANDARD By
Fredrick Obura |
January 18th 2021 at 15:14:37 GMT +0300
Incoming Britam MD Tavaziva Madzinga (PHOTO: REUTERS)
Britam Holdings Board has appointed Tavaziva Madzinga as Group Managing Director. He replaces Dr. Benson Wairegi who is retiring on 31st January after 40 years.
The outgoing Managing Director is remembered for helping grow the company from a small home service insurance to a listed multinational company at the Nairobi Securities Exchange, with a presence in seven countries in Africa.
“On behalf of our shareholders and the Board, I want to express my deep appreciation to Dr.Wairegi for his steady leadership which has seen Britam experience rapid growth during his tenure as the Group Managing Director. The Board appreciates Dr. Wairegi’s service and wishes him the very best in his future endeavors. As a result of his experience in the Industry, Britam will continue tapping into his skills in different capacities,” said Board Chairman Andrew Holla
Britam taps strategist to replace veteran Wairegi
Tuesday January 19 2021
By VICTOR JUMA
Summary
Insurance Group Britam Holdings has appointed Zimbabwean Tavaziva Madzinga as its chief executive to replace Benson Wairegi who is retiring on January 31, 2021 after 40 years of service.
The appointment of Mr Madzinga, an actuarial scientist, takes effect on February 1, 2021.
Insurance Group Britam Holdings has appointed Tavaziva Madzinga, a strategy expert, as its chief executive to replace long-serving Benson Wairegi, who is retiring at the end of this month after 40 years of service.
The appointment of Mr Madzinga, an actuarial scientist who previously served as chief executive of Old Mutual’s operation in Kenya, takes effect on February 1, 2021 and ends a two-year talent search.