wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages<12
CIC insurance hunting of CEO leaves sore taste
bartum
#21 Posted : Thursday, September 04, 2014 1:21:22 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
@rryyzz when I mentioned this I was crucified.
Kweli empty debes make the loudest noise.
Everything is unfolding into place

surely it is
MKWASI
#22 Posted : Thursday, September 04, 2014 2:12:51 PM
Rank: Member


Joined: 4/20/2012
Posts: 888
bartum wrote:
Ericsson wrote:
@rryyzz when I mentioned this I was crucified.
Kweli empty debes make the loudest noise.
Everything is unfolding into place

surely it is


At no time did the more knowledgeable Wazuans dispute your information or crucify you. They only educated you on the difference between the management theories you learn in class and what happen in a real corporate world.

Obi 1 Kanobi
#23 Posted : Wednesday, September 10, 2014 12:05:49 PM
Rank: Elder


Joined: 7/23/2008
Posts: 3,017
MKWASI wrote:
bartum wrote:
Ericsson wrote:
@rryyzz when I mentioned this I was crucified.
Kweli empty debes make the loudest noise.
Everything is unfolding into place

surely it is


At no time did the more knowledgeable Wazuans dispute your information or crucify you. They only educated you on the difference between the management theories you learn in class and what happen in a real corporate world.



@Ericsson, we crucified you because you have no comprehension of boardroom issues.

Todays business daily confirms the appointment of Tom Gitogo as the next CEO of CIC. The temporary position of deputy CEO is simply for hand over by the current CEO.

Me thinks its an excellent catch for CIC. Tom Gitogo brings with him from Pan Africa a good understanding of systems as Pan Africa was part of a multi national group.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Ericsson
#24 Posted : Wednesday, September 10, 2014 12:11:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Now in the next five years CIC Insurance will hit the target of their strategic plans 2014 to 2018.
Now let them bring the bond
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Othelo
#25 Posted : Wednesday, September 10, 2014 12:12:35 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Basically at the Corporate core team level any of the recommended candidates can carry the day depending on what is the strategic direction and business model the organization wants to take. The Board usually have the final say!

For me it is better to bring an outsider for dynamism and change ..... rather than status quo!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
its2013
#26 Posted : Friday, September 26, 2014 7:14:30 AM
Rank: Member


Joined: 1/4/2013
Posts: 255
Ericsson wrote:
Now in the next five years CIC Insurance will hit the target of their strategic plans 2014 to 2018.
Now let them bring the bond


I am positive about it too.
Pretty hurts
Ericsson
#27 Posted : Sunday, November 09, 2014 11:59:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
David Rono MD of CIC Life Division resigned soon after Tom Gitogo was appointed group deputy MD.
The recruitment process for his replacement is being handled by PWC and an advert was placed last week in the dailies.
Mr Rono couldn't stomach reporting to Tom Gitogo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#28 Posted : Monday, November 10, 2014 7:08:01 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:

Mr Rono couldn't stomach reporting to Tom Gitogo


Did he tell you that? Then he must have a problem. A deputy MD who will not stomach reporting to a specific person is simply petty and emotional, not worth of being MD himself.

Life is short. Live passionately.
Ericsson
#29 Posted : Monday, November 10, 2014 9:02:13 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@sparkly;
It was coming after he didn't get the deputy MD post.
He had reached the peak in the company so it was better look for greener pastures.
That is the corporate world FYI
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Othelo
#30 Posted : Wednesday, January 21, 2015 8:54:47 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
The scheming and maneuvering has been completed today and Tom is now the new MD of barely 3 months down the line ………. Probation or no probation. Kuria leaves in a month's time.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
jomari78
#31 Posted : Thursday, January 22, 2015 12:17:53 AM
Rank: New-farer


Joined: 11/24/2013
Posts: 14
I'm in this bus for the long haul. Seeing that Gitogo is a civil engineer, he would have an added advantage in ensuring CIC's real estate investments near fruit. Also not surprised to see that they fired some senior managers for fraudulent activites. A new broom sweeps clean. He has something to prove.
Sober
#32 Posted : Thursday, January 22, 2015 11:05:20 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
sparkly 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



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


Applause Applause I was about to raise the Gender issue too
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Othelo
#33 Posted : Thursday, January 22, 2015 3:16:46 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
http://www.businessdaily...-/1328lx7z/-/index.html
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Users browsing this topic
Guest (5)
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.