Mr. Peter Mwangi, the CEO of UAP Old Mutual Group has stepped down. He will be replaced by former Chief operating officer Mr. Arthur Oginga.

In a statement seen by Maudhui House, the Group’s chairman Dr. JB Wanjui says that while Peter’s departure is regrettable, he has total confidence that the new boss will move the insurance giant forward.

• Read also: How Absa bank pulled off one of Kenya’s most efficient brand transitions

“Peter’s departure is a regrettable loss, but we wish him nothing but the very best as he embarks on the next phase of his career,” he says.

Chief executives have vast power. In the wake of a rampaging virus that has placed the whole country in autopilot mode, UAP Old Mutual Group will now be counting on Authur Oginga to steer the ship, at the same time making sure that all its over 1.2 million customers are well taken care of.

After the purchase of a controlling stake in Faulu Microfinance In 2014, UAP Old Mutual Group essentially set itself up as the largest holistic financial services group in the East African region.