The board of UAP Holdings Thursday announced the retirement of its group managing director James Muguiyi and replaced him with his deputy Mr Dominic Kiarie.
Muguiyi oversaw the expansion of UAP into Uganda in 2004, South Sudan in 2005 as well as into Rwanda and DRC in 2012.
He presided over the group’s demerger of the life insurance business from general insurance business in Kenya.
Muguiyi will be retained as a non-executive Director on the board of UAP Holdings and the boards of some of the group’s subsidiaries, the board said in a statement.
“For continuity, Mr Muguiyi will serve as a non-executive director of UAP Holdings and also take up new roles in the group as the chairman of the board of directors of UAP Insurance Sudan, UAP Rwanda and will remain as a non-executive director of various UAP subsidiaries,” said Mr JB Wanjui board chairman.
The company said through its public relations firm Hill and Knowlton that it plans to list on the Nairobi Securities Exchange in the next 12 to 18 months.