Britam Holdings has named Mohamed Said Karama as the acting Chairman of the board of directors of the company following the retirement of Walter Andrew Hollas. Walter Andrew Hollas has been Britam’s Chairman since May 2015 when he took over from James Mwangi, Equity Holdings CEO.
The immediate former Chairman opted to retire from the role after attaining the age of 70 years in line with the best corporate governance practices.
Britam Holdings thanked the former Chairman for leading the board through a period of exponential growth and successfully spearheading the succession process for the Group Managing Director.
Mohamed Karama, Britam’s acting Chairman of the board, joined the board on 25th April 2017. In May 2020, he was named as the deputy Chairman of the board, a position he held until his appointment as the acting Chairman on 1st February 2021.
He has worked in leadership roles in emerging and developed markets for more than 20 years. Karama worked as a partner at PriceWaterhouse in Kenya and in the United States, leading the advisory services team. He holds a Bachelor of Science Degree from the University of Maryland and is a Certified Public Accountant and a Certified Government Financial Manager.
Karama has useful knowledge in public sector, financial services, healthcare, and information technology. The board of Britam welcomed his appointment and said they expect to gain from his leadership, skills and experience.