Dr Benson Wairegi is set to step down from the Board of Britam Holdings on 28th May this year, after serving in the company for more than four decades. The announcement comes barely four months after he retired from the role of Group Managing Director on 31st January 2021.
The 68-year old executive joined Britam in 1981 as a Chief Accountant. He rose through the ranks to the position of Group Managing Director in 1995, a position he held for 26 years until his retirement this year. Dr Benson Wairegi built Britam from a small home insurance provider into its current position as a regional leader in the insurance and financial services sector.
Britam has undergone several leadership changes in recent years as it seeks to stay ahead in the fast-changing business environment. In January this year, the company appointed Zimbabwean national, Tavaziva Madzinga, as the new Group Managing Director to lead the company into new frontiers.
In March, Britam Holdings trimmed its management team from 20 members to 11 members in an attempt to lower its operating expenses. The company also said that it plans to cut up to 15% of its workforce in the coming months.
Dr Wairegi’s departure from the board of Britam Holdings Plc will leave ten members on the board.
Also read: Tavaziva Madzinga Named Britam’s New CEO