Read the following statement from Sanlam Kenya on Mugo Kibati resignation as the CEO.
The Sanlam Kenya Board of Directors wishes to inform all shareholders and stakeholders that the Board has accepted the resignation of our Group Chief Executive Officer (GCEO), Mr. Mugo Kibati with effect from 1st March 2018 to pursue personal and professional business interests.
Subsequently, the Board will commence a local and international executive search process aimed at competitively filling the position of the GCEO. In the transition period, the Board has appointed the Sanlam General Insurance Limited CEO Mr George Kuria to serve as the acting GCEO to facilitate a smooth handover.
The Board remains grateful to Mr. Kibati for his dedicated service and professional commitment to Sanlam Kenya, having assumed the Group leadership role from February 2015. During the period, Mr. Kibati provided strategic leadership, successfully overseeing the Group’s rebrand from Pan Africa Insurance Holdings to Sanlam Kenya, the smooth integration of the Group’s recently acquired General Insurance business and the construction to completion of Sanlam Tower, among other key growth plans that have accelerated our market positioning as a leading non-bank financial services firm.
BY ORDER OF THE BOARD
Dr. John PN Simba