Listed non-bank financial services firm, Sanlam Kenya has announced the appointment of Mr Patrick Tumbo as the firm’s Group Chief Executive officer with immediate effect. Mr. Tumbo takes over from Mugo Kibati who “resigned” the company to pursue other interests outside the firm.
George Kuria, Sanlam General Insurance Chief Executive Officer has been the acting GCEO for the past six months.
Mr. Tumbo joins Sanlam Kenya Group from Jubilee Insurance, where he was the CEO, Kenya. He also served the Jubilee Group technical head on Insurance and Reinsurance and in the Group’s Subsidiary boards.
Announcing the appointment, Sanlam board chairman Dr. John Simba said Mr. Tumbo will be assuming overall leadership for Sanlam Kenya PLC and the respective group subsidiary business companies.
On his part, Mr. Tumbo said he is looking forward to joining the Sanlam team and implementing a new growth strategy.
Dr. Simba said the board had noted with satisfaction that Mr Kuria had provided immense and invaluable leadership in the last six months, with the business maintaining much needed operating and business development stability.
Mr. Tumbo is a member of the Society of Fellows (UK) and is an alumnus of the University of Nairobi. He holds a Masters of Business Administration degree, specialising in Strategic Management, Marketing and International Business and a Bachelor of Commerce (Insurance option) from the same university.
“He brings to the Sanlam Group a rare set of sector acumen, business development and corporate restructuring skills having previously served at AIG Kenya, PTA Reinsurance (ZEP-Re) and CIC insurance,” said Dr Simba.
Mr Tumbo has more than two decades’ experience in the insurance industry. Dr Simba said the new Group CEO would continue the implementation of Sanlam’s five-year strategic plan and that the board would give Mr Tumbo its full support as he implements the groups’ growth strategy.
