The Chairman Board of Directors at dfcu Bank Ltd Elly Karuhanga has announced that he is stepping down. Karuhanga said during the 56th Annual General Meeting held yesterday at Bank headquarters.
Speaking during that meeting Karuhanga said; “I formally inform the shareholders as I have already informed the directors that I intend to retire early from the chairmanship of the board but I would like to retire.”
He stepped down after stakeholders voted him for another two years as the chairman board of directors. Karuhanga gave a one-month notice ending September 30, 2021 for stakeholders to look for another person who will replace him as the chairman board of directors.
“I want to tell you that this is an emotional moment for me because Dfcu has made a big difference in my life. I am very thankful that you kept giving me the opportunity every time I came up for reelection. I now must give way to younger people to come and save our bank. I pledge my entire support as I leave,” he said.
In July this year, he stepped down as the board chairman at Uganda Chamber of Mines and Petroleum (UCMP).
He previously chaired Uganda Soft Drinks Manufacturers Association board, Uganda Chamber of Mines & Petroleum, Development Finance Co. of Uganda Ltd., British American Tobacco Uganda Ltd and Director & Legal Counsel at Canmin Resources Ltd.
Elly Karuhanga is also on the board of Nile Breweries Ltd and Marasa Holdings Ltd. and Chairman for Uganda ThinkTank Foundation, President of The Rotary Club of Kampala, Senior Partner at Kampala Associated Advocates, National Social Security Fund Uganda, Chairman-Governing Council President at Alternative Dispute Resolution and Member of World Trade Law Association.
