Reinsurance firm Kenya Re has appointed Chiboli Shakaba to lead the company’s board of directors with effect from 1st August 2019. Chiboli takes over from David Kimei who joined the board in June 2014. The appointment of Chiboli Shakaba follows intriguing changes in the board in 2018.
In March 2018, members of the board sacked the firm’s managing director Jadiah Mwarania for failing to meet set goals. The then chairman David Kimei blamed Jadiah for non-performance.
Jadiah took the matter to the Employment and Labour Relations court where he won the case. The judge ordered that he be reinstated as the managing director of the company and he returned to his position in July 2018.
Now the board has replaced the chairman David Kimei with Chiboli Shakaba. Chiboli has been on the team as a non-executive director since June 2014. He has served as a public officer for many years.
Mr. Chiboli has a wealth of experience in several boards of State Owned corporations including; National Housing Corporation, Kenya Post Office Savings bank, Development Bank of Kenya and Nzoia Sugar.
Previously, he worked at the National Treasury as the liaison for the World Bank and as the head of administration. Kenya Re board members congratulated Chiboli on his appointment.
