Nairobi, Jan. 12 -- The term of Britam's #ticker:BRIT chief executive Benson Wairegi has been extended beyond his retirement date of December 31, 2020 as the insurer seeks more time to recruit his replacement.
Mr Wairegi was to retire last month after working for the Nairobi Securities Exchange-listed firm for 40 years.
He, however, continues to hold the office to offer continuity and smooth transition to a new leader who is yet to be named.
"Mr Wairegi is still in office. At the appropriate time, the board will announce the new CEO," a source familiar with the matter told Business Daily.
The duration of Mr Wairegi's new contract was not immediately clear. He had recently told the media of his retirement plans, with the extension of his...