Dr. Winifred Tarinyeba Kiryabwire has resigned as the Board of Directors of Dfcu Limited leading to more speculations about the bank’s stability.
Reports indicate that Winifred resigned due to commitments she is due to undertake in another entity. She has been a non-Executive Director since September 2013.
“The Board of directors of Dfcu (the company) informs its shareholders and general public of the resignation of Dr. Winifred Tarinyeba Kiryabwire as a director in the company with effect from the 27th March 2019.
“Dr. Winifred Tarinyeba Kiryabwire joined and has diligently served the since September 2013 as a non-Executive director. She resigns due to commitments she is due to undertake in another entity. The Board takes this opportunity to appreciate the commitment and invaluable contribution made by Dr. Winifred during her tenure and wishes her the very best in her future endeavors.”
Apparently, the Board is in the process of nominating another director to fill the casual vacancy and will present the director to the shareholders for approval at the next Annual General Meeting. Kiryabwire is the not the first director to resign in a period of one year.
On September 21, 2018, Deepak Malik who has been a director on the board of Dfcu bank resigned under unclear circumstances. He was replaced by Friedrich Christian Pelser in October last year.
Dr. Kiryabwire has also advised on issues of financial sector regulation, capital markets development, corporate governance, and insolvency law reform. She is a lawyer with over 15 years’ experience of legal practice in the fields of securities and financial markets; corporate law and finance and corporate governance.
