Prudential Life Assurance Kenya CEO Charles Owaga Mang’ee (pictured, left) has stepped down. Prudential Kenya today announced Mr Owaga’s resignation at a time the company is picking up ain the Kenyan market in the first year of its operation.
It is believed that Charles Owaga’s resignation is on personal grounds, as he will now serve the company just as an external adviser. Mr Andrew Greenwood, Chief Operating Officer of Prudential Africa, takes up the role on an interim basis according to the reports. The company is on course to find a permanent successor.
Also see: Prudential seeks to increase uptake of life insurance
Mr Owaga, a Bachelor of commerce degree holder from the University of Nairobi, was appointed CEO Prudential Kenya in February 2014 after serving at Eagle Africa. Under his tenure, Kenya has become Prudential’s East African hub.
“I would like to thank Charles for his contribution to Prudential Kenya’s development. It is now in a strong position to meet the long-term savings needs of people throughout the country. I am also delighted that someone with Andrew Greenwood’s experience and skills will take the business forward until a permanent successor is appointed,” said Matt Liley, Prudential Africa CEO.
Acknowledging his short-term service, the outgoing CEO said he believes the company is at the right position for growth and efficient service. “Prudential Kenya is now well positioned for growth,” he said. “This is the right time for me to take the next step in my career, and I would like to offer my best wishes to all of my colleagues at Prudential Kenya,” he said in a statement.”
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