Bank of Kigali Plc announced the appointment of Eugene Ubalijoro as its new Chairman of the Board of Directors, effective February 5, 2025. Mr. Ubalijoro succeeds Rod Michael Reynolds, who is retiring from the position.
The appointment was made by resolution of the Board of Directors of BK Group Plc, the Shareholder of Bank of Kigali Plc.
Mr. Ubalijoro brings a wealth of experience to the role. With over 30 years in the beverage industry, he held various leadership positions at Heineken International across Sub-Saharan Africa, Europe, and the Americas. He also served on the boards of several Heineken subsidiaries. Prior to his appointment as Chairman of Bank of Kigali, Mr. Ubalijoro served as Central Region Vice President for Molson Coors Beverage Company in the USA.
Mr. Ubalijoro holds a Bachelor of Science in Business Administration from Georgetown University and an MBA from the University of Sherbrooke in Canada.
Mr. Ubalijoro’s appointment could have a significant impact on Bank of Kigali’s brand performance. His extensive international experience in leadership roles within the corporate world, coupled with his understanding of diverse markets, can bring valuable insights to the bank’s strategic direction.
Mr. Ubalijoro’s experience in serving on various boards can strengthen Bank of Kigali’s corporate governance practices and enhance its overall governance framework.
His global perspective and leadership experience can provide valuable insights into market trends, competitive landscapes, and best practices in the financial services industry, enabling the bank to make more informed strategic decisions.
The appointment of a highly respected and experienced leader like Mr. Ubalijoro can enhance Bank of Kigali’s brand image and reputation, both domestically and internationally.
Mr. Ubalijoro’s experience and reputation may also boost investor confidence in Bank of Kigali, attracting new investors and strengthening the bank’s financial position.
By leveraging Mr. Ubalijoro’s expertise and leadership, Bank of Kigali can further solidify its position as a leading financial institution in Rwanda and continue to drive growth and innovation in the Rwandan financial sector.