Britam new MD heads for the exit after just one year

Britam new MD heads for the exit after just one year

Britam Holdings Plc Managing Director Tavaziva Madzinga

Zimbabwean Tavaziva Madzinga is set to leave his post as Britam Group Managing Director in April next year.

Madzinga was appointed to the post on February 1 replacing the long-serving Benson Wairegi who retired from the company.

In its announcement made on Thursday, Britam has credited Madzinga with turning the regional underwriter back into profitability along with overseeing a broad Group restructuring exercise which has been reported to save Britam Ksh.500 million annually.

The restructuring exercise saw several executives' heads roll as the company streamlined overlapping roles, removed duplications across its business and re-evaluated contractual arrangements with vendors and other service providers.

“We are grateful to have benefited from Mr. Madzinga's global experience in re-positioning the Group for the future. He has reset the Group’s focus towards serving our customers with empathy and care while providing a truly epic customer experience," said Britam Acting Chairman Mohamed Karama.

At the same time, Britam has made new appointments to its executive team to strengthen Group leadership.

Charles Njuguna has been named the new Group Deputy Managing Director effective from December 1 even as he retains his role as the Group Finance Director.

Meanwhile, Diane Korir has been appointed as the company’s new Customer Experience Director while the Group has raided NCBA for Catherine Karita who becomes Britam’s new Strategy & Investor Relations Director.


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