Tom Gitogo to head CIC Group as Nelson Kuria leaves early
CIC Group has appointed Tom Gitogo (pictured) as its new chief executive officer following the early retirement of Nelson Kuria. PHOTO | FILE
What you need to know:
A statement by the firm’s board said the outgoing chief executive Nelson Kuria’s contract will end next month.
Tom Gitogo has been CIC’s deputy chief executive since November, 2014 when he left Pan African Life Insurance where he was the chief executive.
CIC Group has appointed Tom Gitogo as its new chief executive officer following the early retirement of Nelson Kuria.
The veteran insurance manager also becomes a board director effective March 1.
A statement by the firm’s board said the outgoing chief executive Nelson Kuria’s contract will end next month.
The contract was initially supposed to conclude in May, 2016, according to an earlier announcement.
“This appointment is pending early retirement effective February 28, 2015, of the group chief executive officer Nelson Kuria who has diligently served CIC for over 16 years,” said CIC chairman Japheth Magomere in a statement.
Mr Gitogo has been CIC’s deputy chief executive since November, 2014 when he left Pan African Life Insurance where he was the chief executive.
CIC also appointed Mary Mungai a non-executive director to replace Stella Kaimenyi who resigned from the board at the end of 2014.
Mrs Mungai will be representing Industrialisation ministry’s department of co-operative development and marketing.
Mr Kuria leaves the company after raising its profile and investor wealth. He took the company to the Nairobi Securities Exchange in late 2012. The underwriter has since expanded in the region and is in the process of undertaking multibillion shilling real estate investments.
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