After working in acting capacity for almost two years, Old Mutual Malawi board of directors has finally confirmed Edith Jiya as the group’s Chief Executive Officer.
Jiya’s appointment is effective March 1, 2017 and she takes over from Chris Kapanga who has since retired.
One of Old Mutual Malawi’s directors, Jimmy Lipunga, said Jiya has shown great strength and leadership, overseeing the continued growth and profitability of the group during her two years in Acting CEO position.
“It was during her leadership as Acting Group CEO of the business that the Malawi team won the Best Business Plan Execution Award for 2015.
“Edith provided leadership in the execution of Mpico rights issue in 2016 which not only yielded large subscriptions but was also priced differently from historical market norms,” Lipunga said in a statement.
Jiya, a chartered insurer, joined Old Mutual Malawi in 2007.
Lipunga said the Old Mutual Malawi board of directors has confidence that Jiya will take the group to the next level.
“She is young, energetic and above all, she is a Malawian. We hope the experience gathered over the years will help her to take the group to the next level,” Lipunga said.
Jiya described her appointment as an honour, saying it demonstrates the confidence the board has in her.
She promised to work tirelessly with members of staff of the group to grow shareholders’ value while serving customers better.
Old Mutual Africa Holdings (Omah) and Old Mutual Malawi (Ommala) Board Chairperson, Johannes !Gawaxab, said they are confident that Jiya will continue to excel in her new role adding that they will give her all the support to continue doing great things in Malawi financial industry.
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