Patrick Tumbo an Advanced Management Programme Alumnus at Strathmore University Business School has been appointed as Sanlam Kenya’s Group Chief Executive Officer. Mr. Tumbo takes up the mantle from the former company CEO, Mugo Kibati. During the recruitment process, George Kuria had been appointed the acting group CEO for the past six months.
Mr. Tumbo joins Sanlam Kenya from Jubilee Insurance where he had served as the CEO, Kenya. He had also worked as Jubilee’s Group technical head on insurance and reinsurance and on subsidiary boards.
Keen on personal and organiSational development, Mr. Tumbo and his team during his tenure in Jubilee Insurance Kenya also participated in other professional courses at the Business School such as the inaugural Executive Coaching Programme in February 2016. He shared the following remarks about the programme; “This could not have come at a better time for me. It helped me evaluate what was going on wrong and what was going on right. Since we initiated coaching, the Kenyan arm of the company has seen exponential growth, success we can attribute to the management level training. Coaching is essential, not only to transform our organisations, but to also transform ourselves.”
A statement by Sanlam credited Mr. Tumbo with growing Jubilee Kenya’s business from Sh4 billion to Sh24 billion during his tenure. He was also instrumental in driving business growth through technology adoption and widening the client base by venturing into new untapped markets in the East African region.
Announcing the appointment, Sanlam board chairman Dr. John Simba said Mr. Tumbo will be assuming overall leadership for Sanlam Kenya PLC and the respective group subsidiary business companies.
“In Mr. Tumbo, we have secured a seasoned business leader who we also believe is the right fit to steer the Sanlam Group to new heights. This is part of our corporate strategy to position the group as a formidable non-bank financial services player in Kenya,” said Dr. Simba in the statement.
An alumnus of the University of Nairobi, Mr. Tumbo holds a Master of Business Administration degree, specializing in Strategic Management, Marketing and International Business and a Bachelor of Commerce (Insurance option) from the same university.
He started his career as a Management Trainee at Alico Kenya (now AIG Kenya) in the early nineties and went to serve in different positions at Co-operative Insurance Company, PTA Reinsurance (ZEP-Re) and then up to CEO at Jubilee Insurance Company of Kenya Ltd.
The new Group CEO will be charged with continuing the implementation of Sanlam’s five-year strategic plan.
Story Courtesy of Business Daily