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BY UPESI REPORTER,NAIROBI,10TH APRIL,2020-UAP Holdings CEO Peter Mwangi has resigned after five years at the helm, the Board of Directors has said.
Chairman of the Board, Dr. J.B. Wanjui revealed that Mr. Mwangi will be pursuing new interests and his resignation is effective on April 14, 2020.
Dr Wanjui highlighted that the appointment was made possible by UAP Old Mutual’s robust succession planning and talent pipeline thus enabling the Board to make the internal appointment with great confidence.
“Arthur is not only familiar with the East Africa business, but is also highly experienced and able to take the helm and enable a seamless transition. Arthur will also provide the necessary stability during these turbulent times globally, to steer the business to the next level without any undue internal disruptions,” the Board Chairman said.
“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,” Dr. Wanjui said in a statement.
Mr. Mwangi will be succeeded by Arthur Oginga who currently serves as the Chief Operating Officer for Old Mutual Africa.
Over the last two years, Mr. Oginga has been the Acting Chief Financial Officer for UAP Old Mutual based in Nairobi.
While making the appointment, the Board expressed confidence in his ability to take the helm as the Group CEO of UAP Old Mutual.