The Board of listed Financial services firm Britam Holdings has appointed its Finance Director Mr. Charles Kimani Njuguna as Acting Group Managing Director following the resignation of Mr. Tavaziva Madzinga which was effective on 14th January 2022.
The firm’s board chairman Mr Kuria Muchiru said in a statement to shareholders that the Board had embarked on a search for a substantive Group Managing Director, a process that will be concluded in due course.
“We believe that Mr. Njuguna is the right person to drive the organisation forward during this transition period. Mr. Njuguna is an accomplished executive leader with more than 20 years of experience in the financial sector. His experience in implementing the Group’s turnaround strategies has contributed positively to our financial performance.”
About Charles Kimani Njuguna
Mr. Njuguna joined Britam in March 2021 as Finance Director. He has has worked with ABN Amro Bank, GT Bank, Old Mutual, Family Bank as the Chief Financial Officer, and Faulu Micro-Finance Bank as the Managing Director.
The company recently adopted a new business structure which resulted in the realignment of reporting lines, elimination of some functions both at top management as well as middle level positions. New functions were also adopted which saw the company onboard new competencies in some of the functions.