Breaking: Robert Kabushenga Resigns From Vision Group

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Breaking: Robert Kabushenga Resigns From Vision Group
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Latest news coming in indicate that  chief Executive officer  for  Vision Group, Robert Kabushenga has thrown in the towel  this Friday morning.

Robert  Kabushenga has been at the helm of the State owned Newspaper for close to 20 years.

According to an email he sent to New Vision staff while communicating his resignation, Kabushenga said he he had taken a decision to leave the media house but he has been asked by the Board to manage the transition within 90 days.

“Good morning. This is to let you know that for personal reasons I have asked the Board for an early retirement and this has been accepted.

However, the Board has asked me to manage the transition for the next 90 days which I have agreed to do. I am proud of the success we achieved and the impact we have had in society.

This was possible because we worked together as a team. No single person could have done it on their own, certainly not me.

I have always said to you that everyone in their lives should have the privilege of working with people like you. I had a great time doing just that and for me, it was an absolute honor and pleasure to have done so.

Thank you and kind regards

Robert Kabushenga I Chief Executive Officer/Managing Director”  Kabushenga Wrote in his email

A lawyer by profession, Kabushenga served as corporation secretary at The New Vision before replacing William Pike in 2006.

Pike resigned days after President Museveni blasted the paper in his independence day speech for becoming very critical of government policies.

Under Kabushenga’s watch, The New Vision embarked on an aggressive of acquisition of media properties including radio stations like Radio West and TV stations.

Some analysts warned at the time that the rapid expansion would cost New Vision dearly but Kabushenga ploughed on.

Over the years, the company has had mixed financial fortunes. In 2017, the company registered a net profit of Shs 14 million, the lowest in years.

However it bounced bank and in 2020, the company recorded a net profit of Shs 2.7 billion.

 

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