This archive report was first published on 8 June 2020.
On June 8, 2020, CIC Insurance Group announced the appointment of Patrick Nyaga as its new Group Chief Executive Officer, effective June 22, 2020.
Mr. Nyaga takes over from Tom Gitogo, who left the company in October 2019, after cutting short his contract.
With over 28 years of experience in various blue-chip companies, including Barclays Bank (ABSA), KPMG, and Co-operative Bank, Mr. Nyaga is well-equipped to drive the company's business forward.
According to CIC Group Chairman of the Board, Japheth Magomere, Mr. Nyaga has 'key strengths that well position him to drive the CIC Group business at this critical period.'
Mr. Nyaga's experience in the finance world will enable him to implement operational efficiency, cost savings, sales force efficiencies, performance-based reward structures, data analytics, and digitization.
He holds an MBA from Strathmore Business School, a Bachelor of Commerce degree in Accounting, and is a Certified Public Accountant (K) and a member of ICPAK.
As the company navigates the challenges posed by the COVID-19 pandemic, Mr. Nyaga is expected to drive the Group's digitization of all its business processes to serve an emerging digital economy.
