Eng Dr Josephine Wapakabulo, the Chief Executive of Uganda National Oil Company (UNOC) has tendered in her letter of resignation citing the need to focus on her family and new opportunities.
She expressed this in a letter dated May 13 and addressed to Emmanuel Katongole the Chairman Board of UNOC.
“This is to submit my resignation from the position of Chief Executive Officer of the Uganda National Oil Company with effect from 13th August, 2019,” the letter reads.
She said it has been an honour and privilege for her to serve in that capacity, a position she has occupied since 2016.
“Chairman, it has been an honour and privilege to work with you, the Board and staff of UNOC as we set up and established UNOC to handle the State’s commercial interests in the oil and gas sector,” Eng Dr Josephine Wapakabulo adds in the letter.
“However, time has come for me to focus on my family and new opportunities”.
She says she prides in what she and the team at UNOC have been able to achieve since she was recruited in August 2016. She said the staff have been hardworking, smart and dedicated.
Eng Josephine expressed confidence that under the continued guidance of the Board, UNOC will go from strength to strength, and successfully deliver its mandate to the people of Uganda.
“I express my sincere gratitude to his Excellency Yoweri Kaguta Museveni for his leadership and stewardship of our Oil and Gas sector”.
She as well lauded the Ministers of Energy and Finance for the guidance offered to her and the opportunity to serve the country.
Josephine who boasts of over 18 years’ professional experience in multinational companies in various sectors including, Oil & Gas, Defence, Aerospace and IT consulting, became the first woman founding CEO of a National Oil Company.
She obtained her executive level experience in the UK, Germany, Australia, Uganda and Kenya.
The daughter of Uganda’s former Minister of Foreign Affairs, James Wapakhabulo, is a Chartered Engineer and holds a PhD in Information Science focused on big data and has published a book on the adoption of data-exchange standards and knowledge management technologies in Defence and Oil and Gas companies.
She obtained her Global Executive MBA from INSEAD business school in France.
Uganda National Oil Company (UNOC) Limited was established under Section 42 of the Petroleum (Exploration, Development and Production) Act (Upstream Act) and Section seven (7) of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act (Midstream Act), both of 2013.
It focuses on building the business and ensuring that the Company grows into an effective and profitable company properly representing and managing State commercial interests.