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CIC insurance hunting of CEO leaves sore taste
bartum
#1 Posted : Wednesday, August 27, 2014 11:56:15 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
word has that the hunting of its CEO was not transparent as some short listed was not interviewed thought he was seen to be having an upper hand thus some management team see this as under arm dealings. caveat iam not in any post at cic thus only a rumour
Ericsson
#2 Posted : Wednesday, August 27, 2014 1:50:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Few weeks ago, CIC Insurance Group contracted Deloitte Consulting to do recruitment for the next Deputy CEO.

The recruitment went well until when there were only three candidates remaining from the initial 43 of which only 9 were shortlisted for the interview. The names of the 9 were shortlisted, interviewed and 3 final names forwarded to the CEO of CIC Insurance Group Mr Nelson Kuria.

The three were;

1.Mr David Rono, MD CIC Life Division – Scored 96%
2.Mr Kitoto, MD Panafric Insurance – Scored 68%
3.Mr Patric Tumbo, MD Jubilee Insurance – Scored 61%
Funny enough, only Kitoto and Tumbo appeared on the list as they come from the Kikuyu community and not Mr Rono. Mr Rono was recommended by Deloitte Consulting.

This is the current CIC Board of Directors http://cic.co.ke/board-of-directors/

The team which conducted the interview are;

1.Japheth Magomere - Chairman of Board
2.Rev Peter Kagane – Vice Chairman
3.Nelson Kuria – CIC Insurance
4.Stella Kaimenyi
5.Grace Mabishi – Auditor
6.Stanley Muchiri – Chairman Coop Bank

Dr Martin Oduor Otieno formerly the CEO of KCB Group presented the Deloitte recommendations. Mrs Mabishi and Mr Magomere have been influenced by the CIC Group CEO to have Mr Kitoto who comes from the same village with Mr Kuria as the new Group Deputy CEO. So Ms Mabishi and Mr Magomere are running a parallel ad hoc committee to hand pick the Deputy CEO.

This is how negative ethnicity is being practised in Kenya’s corporate world. Extremely sad
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mv_ufanisi
#3 Posted : Wednesday, August 27, 2014 2:48:42 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Ericsson wrote:
Few weeks ago, CIC Insurance Group contracted Deloitte Consulting to do recruitment for the next Deputy CEO.

The recruitment went well until when there were only three candidates remaining from the initial 43 of which only 9 were shortlisted for the interview. The names of the 9 were shortlisted, interviewed and 3 final names forwarded to the CEO of CIC Insurance Group Mr Nelson Kuria.

The three were;

1.Mr David Rono, MD CIC Life Division – Scored 96%
2.Mr Kitoto, MD Panafric Insurance – Scored 68%
3.Mr Patric Tumbo, MD Jubilee Insurance – Scored 61%
Funny enough, only Kitoto and Tumbo appeared on the list as they come from the Kikuyu community and not Mr Rono. Mr Rono was recommended by Deloitte Consulting.

This is the current CIC Board of Directors http://cic.co.ke/board-of-directors/

The team which conducted the interview are;

1.Japheth Magomere - Chairman of Board
2.Rev Peter Kagane – Vice Chairman
3.Nelson Kuria – CIC Insurance
4.Stella Kaimenyi
5.Grace Mabishi – Auditor
6.Stanley Muchiri – Chairman Coop Bank

Dr Martin Oduor Otieno formerly the CEO of KCB Group presented the Deloitte recommendations. Mrs Mabishi and Mr Magomere have been influenced by the CIC Group CEO to have Mr Kitoto who comes from the same village with Mr Kuria as the new Group Deputy CEO. So Ms Mabishi and Mr Magomere are running a parallel ad hoc committee to hand pick the Deputy CEO.

This is how negative ethnicity is being practised in Kenya’s corporate world. Extremely sad


It's definitely a big problem starting all the way from the President's appointees to major offices. Tribalism is deeply ingrained in Kenya especially among the older folks.
The only way to fight this kind of negative ethnicity is to shun companies which practice it. It would also help if minority communities came up with their own companies to compete against such companies.
We used to have this problem with some Indian companies and it was stupid and foolish coz when alternatives come up there is a mass movement. So CIC Insurance is shooting itself in the foot.
I'd love to see more competition on this angle in a constructive way.
Angelica _ann
#4 Posted : Wednesday, August 27, 2014 4:08:00 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Petty ....... Kuria is about 60 so retering soon. Company should be left in able hands!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Chaka
#5 Posted : Wednesday, August 27, 2014 4:55:51 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Angelica _ann wrote:
Petty ....... Kuria is about 60 so retering soon. Company should be left in able hands!

So is there any need for Rono to bother applying for the CEO'S position when it falls vacant seeing that he wasted his time applying for the deputy CEO's post?
Forester
#6 Posted : Wednesday, August 27, 2014 6:42:29 PM
Rank: Member

Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
Ericsson wrote:
Few weeks ago, CIC Insurance Group contracted Deloitte Consulting to do recruitment for the next Deputy CEO.

The recruitment went well until when there were only three candidates remaining from the initial 43 of which only 9 were shortlisted for the interview. The names of the 9 were shortlisted, interviewed and 3 final names forwarded to the CEO of CIC Insurance Group Mr Nelson Kuria.

The three were;

1.Mr David Rono, MD CIC Life Division – Scored 96%
2.Mr Kitoto, MD Panafric Insurance – Scored 68%
3.Mr Patric Tumbo, MD Jubilee Insurance – Scored 61%
Funny enough, only Kitoto and Tumbo appeared on the list as they come from the Kikuyu community and not Mr Rono. Mr Rono was recommended by Deloitte Consulting.

This is the current CIC Board of Directors http://cic.co.ke/board-of-directors/

The team which conducted the interview are;

1.Japheth Magomere - Chairman of Board
2.Rev Peter Kagane – Vice Chairman
3.Nelson Kuria – CIC Insurance
4.Stella Kaimenyi
5.Grace Mabishi – Auditor
6.Stanley Muchiri – Chairman Coop Bank

Dr Martin Oduor Otieno formerly the CEO of KCB Group presented the Deloitte recommendations. Mrs Mabishi and Mr Magomere have been influenced by the CIC Group CEO to have Mr Kitoto who comes from the same village with Mr Kuria as the new Group Deputy CEO. So Ms Mabishi and Mr Magomere are running a parallel ad hoc committee to hand pick the Deputy CEO.

This is how negative ethnicity is being practised in Kenya’s corporate world. Extremely sad


These people? Highly doubt, never heard of Kitoto and Tumbo from that community. Very cheap propaganda!!!
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
Ericsson
#7 Posted : Wednesday, August 27, 2014 7:04:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
It is not Kitoto but Tom Gitogo the current MD of Pan Africa Life Insurance Company
Tumbo is the Jubilee MD
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
bartum
#8 Posted : Wednesday, August 27, 2014 7:31:36 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Chaka wrote:
Angelica _ann wrote:
Petty ....... Kuria is about 60 so retering soon. Company should be left in able hands!

So is there any need for Rono to bother applying for the CEO'S position when it falls vacant seeing that he wasted his time applying for the deputy CEO's post?

rono definitely not in list. worst part he may quiet
jaggernaut
#9 Posted : Wednesday, August 27, 2014 7:44:25 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
mv_ufanisi wrote:
Ericsson wrote:
Few weeks ago, CIC Insurance Group contracted Deloitte Consulting to do recruitment for the next Deputy CEO.

The recruitment went well until when there were only three candidates remaining from the initial 43 of which only 9 were shortlisted for the interview. The names of the 9 were shortlisted, interviewed and 3 final names forwarded to the CEO of CIC Insurance Group Mr Nelson Kuria.

The three were;

1.Mr David Rono, MD CIC Life Division – Scored 96%
2.Mr Kitoto, MD Panafric Insurance – Scored 68%
3.Mr Patric Tumbo, MD Jubilee Insurance – Scored 61%
Funny enough, only Kitoto and Tumbo appeared on the list as they come from the Kikuyu community and not Mr Rono. Mr Rono was recommended by Deloitte Consulting.

This is the current CIC Board of Directors http://cic.co.ke/board-of-directors/

The team which conducted the interview are;

1.Japheth Magomere - Chairman of Board
2.Rev Peter Kagane – Vice Chairman
3.Nelson Kuria – CIC Insurance
4.Stella Kaimenyi
5.Grace Mabishi – Auditor
6.Stanley Muchiri – Chairman Coop Bank

Dr Martin Oduor Otieno formerly the CEO of KCB Group presented the Deloitte recommendations. Mrs Mabishi and Mr Magomere have been influenced by the CIC Group CEO to have Mr Kitoto who comes from the same village with Mr Kuria as the new Group Deputy CEO. So Ms Mabishi and Mr Magomere are running a parallel ad hoc committee to hand pick the Deputy CEO.

This is how negative ethnicity is being practised in Kenya’s corporate world. Extremely sad


It's definitely a big problem starting all the way from the President's appointees to major offices. Tribalism is deeply ingrained in Kenya especially among the older folks.
The only way to fight this kind of negative ethnicity is to shun companies which practice it. It would also help if minority communities came up with their own companies to compete against such companies.
We used to have this problem with some Indian companies and it was stupid and foolish coz when alternatives come up there is a mass movement. So CIC Insurance is shooting itself in the foot.
I'd love to see more competition on this angle in a constructive way.


I have never heard of an okuyu named Kitoto or Tumbo. #41v1propagandaReloadedForReferendum
sparkly
#10 Posted : Wednesday, August 27, 2014 10:30:59 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Few weeks ago, CIC Insurance Group contracted Deloitte Consulting to do recruitment for the next Deputy CEO.

The recruitment went well until when there were only three candidates remaining from the initial 43 of which only 9 were shortlisted for the interview. The names of the 9 were shortlisted, interviewed and 3 final names forwarded to the CEO of CIC Insurance Group Mr Nelson Kuria.

The three were;

1.Mr David Rono, MD CIC Life Division – Scored 96%
2.Mr Kitoto, MD Panafric Insurance – Scored 68%
3.Mr Patric Tumbo, MD Jubilee Insurance – Scored 61%
Funny enough, only Kitoto and Tumbo appeared on the list as they come from the Kikuyu community and not Mr Rono. Mr Rono was recommended by Deloitte Consulting.

This is the current CIC Board of Directors http://cic.co.ke/board-of-directors/

The team which conducted the interview are;

1.Japheth Magomere - Chairman of Board
2.Rev Peter Kagane – Vice Chairman
3.Nelson Kuria – CIC Insurance
4.Stella Kaimenyi
5.Grace Mabishi – Auditor
6.Stanley Muchiri – Chairman Coop Bank

Dr Martin Oduor Otieno formerly the CEO of KCB Group presented the Deloitte recommendations. Mrs Mabishi and Mr Magomere have been influenced by the CIC Group CEO to have Mr Kitoto who comes from the same village with Mr Kuria as the new Group Deputy CEO. So Ms Mabishi and Mr Magomere are running a parallel ad hoc committee to hand pick the Deputy CEO.

This is how negative ethnicity is being practised in Kenya’s corporate world. Extremely sad



Corporations do not run on democratic principles. I am surprised you are not also raising gender equality in addition to the regional representation issue.
Life is short. Live passionately.
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