Ashok Shah is stepping down as APA Apollo Group CEO in a structured leadership transition at Apollo Investments Limited, marking an end to his 50-year tenure.
The Board has appointed Risper Ohaga as incoming Group CEO, effective 1 July 2026, taking over after serving as the Chief Financial Officer and Executive Director at East African Breweries Plc.
Ohaga is a qualified accountant with extensive leadership experience across finance and audit in East Africa, currently serves as a Non-Executive Director within APA Apollo, giving her insight into the Group’s operations, strategy, and governance.
Reflecting on his tenure, Shah described his journey as “extraordinary” and expressed confidence that the Group’s leadership would continue to deliver value for customers, partners, and communities.
Ohaga said she looked forward to building on his legacy, leveraging partnerships with Hollard International and Swiss Re to drive innovation and growth across East Africa.
Apollo Investments Limited, Chairperson, Daniel Ndonye praised Shah’s five decades of leadership and highlighted Ohaga’s expertise as key to APA Apollo’s continued expansion in general and life insurance, microinsurance, and asset management, while maintaining operational excellence and long-term value creation.