wazua Fri, Mar 27, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages«<234
CIC insurance hunting of CEO leaves sore taste
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.
4 Pages«<234
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 © 2026 Wazua.co.ke. All Rights Reserved.