UAP Holdings CEO Peter Mwangi has tendered his resignation after five years at the corner office at the investments and insurance company, the Board of Directors said on Monday.
In a statement, Board Chairperson Dr. J.B Wanjui said Mr. Mwangi’s resignation will be effective April 14, 2020, adding that his charge will be “moving to pursue new interests.
“Peter’s departure is a regrettable loss, but we wish him nothing but the very best as he embarks on the next phase of his career,” said the Board Chairman..
Mr. Mwangi will be succeeded by Arthur Oginga who has been serving as the Chief Operating Officer for Old Mutual Africa.
Over the last two years, Mr. Oginga has been the Acting Chief Financial Officer for UAP Old Mutual based in Nairobi.
The Board has exuded confidence in Oginga’s ability to take the helm as the Group CEO of UAP Old Mutual.
Dr Wanjui attributed the swift appointment to a clear succession plan that enables the company to have a clear roadmap for the future.
“Arthur is not only familiar with the East Africa business, but is also highly experienced and able to take the helm and enable a seamless transition. Arthur will also provide the necessary stability during these turbulent times globally, to steer the business to the next level without any undue internal disruptions,” the Board Chairman said.