Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
18.3 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

NSSF gets new Deputy MD

Must read

Patrick Ayota has been appointed the new Deputy Managing Director of National Social Security Fund (NSSF), replacing controversial Geraldine Ssali Busuulwa.

In announcement to NSSF staff this afternoon indicated that the Minister of Finance, Planning and Economic Development, Matia Kasaija, had made changes, with Managing Director Richard Byarugaba and Corporation Secretary Richard Wabwire Wejuli reappointed to their positions for a five-year contract effective October 30, 2017.

“I hereby inform you that the Minister of Finance, Planning and Economic Development has made the following decisions on the employment contracts of the fund’s statutory appointees: The contract of Managing Director, Richard Byarugaba has been renewed for a period of five years effective December 1, 2017,” the statement that also contains details about Mr. Ayota’s appointment, reads in part.

‘The Minister has declined to renew the contract of Mrs Geraldine Ssali Busuulwa, the fund’s Deputy Managing Director. Her employment contract expires on October 29, 2017. Mr Patrick Ayota, the fund’s Chief Finance Officer has been appointed Deputy Managing Director effective October 30, 2017’, the release adds.

Mr Ayota has been the fund’s Chief Finance Officer and in 2011 emerged as the best candidate for the post of Deputy Managing Director in the recruitment exercise conducted by PriceWaterHouse Coopers (PWC), scoring 85 per cent.  During the interviews Ms Monica Rubombora came second with 82 per cent, while Ms Ssali, who was at the time outgoing Deputy MD, came third with 77 per cent.

However, Mr Ayota was never given the job as Ms Ssali was reappointed by Ms Maria Kiwanuka, the then Finance Minister who succeeded Ms. Syda Bbumba. Mr Ayota was however, retained by the fund as Chief Finance Officer to date.

- Advertisement -

More articles

2 COMMENTS

- Advertisement -

Latest article

- Advertisement -