The Uganda National Oil Company board has confirmed the resignation of Chief Executive Officer Eng Dr Josephine Wapakabulo and indicated that they are not shot of competent people to run the national oil company.
Mr Emmanuel Katongole, the UNOC board chairman said in a May 14 statement that the company received a notice of resignation from Eng Dr Josephine Wapakabulo in which she notified the board of her resignation from her position as CEO of the company for personal and family reasons effective August 13.
Although some sources blamed her resignation on “office politics” Mr Katongole assured the public, partners and stakeholders that “UNOC has a very strong foundation, systems and capable human resources that will continue to deliver its mandate with excellence. In addition, UNOC has a well-structured succession planning strategy that assures it of continuity of business and growth.”
Mr Katongole added: “Guided by the Business Continuity Plan, the board will meet to review and define the way forward post August 13.”
In his statement, Mr Katongole also described Eng Dr Wapakabulo as an excellent leader who has diligently executed her role as the company CEO since 2016. They thanked Eng Dr Wapakabulo for her dedicated service to UNOC which has delivered undisclosed accomplishments.
Uganda National Oil Company (UNOC) Limited was incorporated under the Company’s Act of 2012 as Limited Liability Company wholly owned by the Government of Uganda.
The Company has a commercial role to play across the petroleum value-chain and plans to grow into an oil and gas entity with local and international presence. UNOC also aims at increasing participation of Ugandans in the oil and gas sector through employment and provision of goods and services.