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The ICEA Lion General Insurance confirmed on Friday, September 17, that Chief Executive Officer Paul Muthaura had stepped down on medical grounds.
Paul, who is the son of former Head of Public Service Francis Muthura, will be replaced by Philip Lopokoiyit.
“The appointment arises from the need for Paul Muthaura to step down from office in line with medical advise to allow him to complete recovery following an accident in early 2021,” the insurer said in a statement.
No more details were given.
However, Litkenya.com can exclusively report the nature of the accident that cut short Paul’s tenure at ICEA Lion.
A credible source has confided to this publication that the outgoing CEO of the insurance firm was riding his bike in Nairobi’s Lavington suburb when he was involved in a tragic accident.
So bad was the accident that he had to be admitted to the Intensive Care Unit (ICU) at a city hospital.
Our source revealed that for months he has been in an induced coma.
Before the life-changing accident, Paul has had a successful career in the corporate world.
He is a trained lawyer and studied in some of the best schools in the world, including the University of Warwick and the London School of Economics and Political Science.
Paul worked in several high-flying private companies before joining the Capital Markets Authority (CMA) in 2005 as a senior legal adviser.
In 2012, he was appointed the acting Chief Executive of CMA after Stella Kilonzo resigned.
In April 2016, he was confirmed to the role and served until 2019.
He was appointed the ICEA Lion Chief Operating Officer in April 2020 before assuming the CEO position in October same year to take over from Steven Oluoch, who went on terminal leave.
The post Muthaura’s Son in Coma After Tragic Bike Accident That Ended His Stint at ICEA Lion appeared first on LitKenya.
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