Britam Holdings Plc on Thursday unveiled a new executive team that it says will deliver improved service to its customers and position the company for long-term growth.
Britam says under the new leaner structure, 9 positions have been dropped and the company’s executive team will now comprise of 11 Directors.
Six key Executives have been maintained from the previous team but with new mandates, a new member promoted and a new one appointed from outside the company.
Britam is also in the process of filling the vacant roles of Strategy & Investor Relations Director, Customer Experience Director as well as a Legal & Compliance Director.
The new Executive team is as follows;
1. Eva Kimani- Director, Partnerships & Digital.
2. Carol Misiko – Director, Risk and Compliance.
3. Ambrose Dabani – Director, Retail.
4. Jackson Theuri – Director, Corporate.
5. Saurabh Sharma – Director, Emerging Consumers Business
6. Kennedy Aosa – Director, International Business.
7. James Maitho – Director, Group Human Resources.
8. Charles Kimani- Finance Director.
Jude Anyiko has been appointed to the position of Chief Investments Officer, Britam Asset Managers Limited, which was reorganised as part of the firm’s Corporate Business Unit.
Britam’s Group MD Tavaziva Madzinga said the new diverse executive structure seeks to build a pan-African team to deliver on the company’s 2021- 2025 business strategy.
“Our new leadership team, which comprises a mix of talent from within the business and injection of new Executives, will go a long way in enhancing our customer focus and Pan-African ambitions. Our team's diverse talents will also be leveraged to deliver new market solutions that will accelerate the company's growth in the medium to long term,” he said.
Madzinga said Britam had concluded phase one of its Voluntary Early Retirement (VER) program seeking to cut various roles within its senior executive team.
The retrenchment has seen the company scrap 9 senior roles, with the exercise set to terminate by end May.
In its 2021-25 strategic cycle, Britam is seeking to expand its customer base to drive growth and to improve efficiency in how it runs its businesses to ensure better revenues.
Britam’s operating costs are reported to be higher than those of its peers with close to 50 per cent being staff costs and business has been top heavy, further hiking operational costs.
On March 1, Britam unveiled a new structure aimed at creating a more competitive, efficient and customer-centric business and adopt digital innovation in its solutions.
Britam hired services of leading global management consulting firm, Boston Consulting Group (BCG), to develop an efficient operating model and drive change management.