By Frank Kamuntu
In the midst of the recent media frenzy. Its imperative that we dissect the swirling rumors spread by some tabloid against Ms. Juuko, CEO of Stanbic Bank, with a critical lens. As fellow professionals in the banking industry, it’s our duty to shift through the sensationalism and get to the heart of the matter.
I will begin by quoting a tweet about this matter from Prof. Sejjaaka Samuel, a seasoned accountant, academic and businessman, about Ann’s moving. He said, “This is not boardroom politics. Dynamic organisations have a policy on changing Chief Executives. You serve, and you go. I was on the Stanbic Board for 10 years. Over those 10 years I worked with three Chief Executives….other organisations could pick a leaf! Go Anne!.
Then let’s examine the alleged “crimes” attributed to Ms. Juuko:
1. Breaking Records: It’s undeniable that Ms. Juuko’s appointment as the youngest and first female CEO in our industry has shattered barriers and opened doors for diversity and inclusion. This achievement alone speaks volumes about her leadership and vision.
2. Financial Wizardry: The claim that Stanbic achieved historic financial results under Ms. Juuko’s leadership cannot be ignored. Crossing the Ugx 1 Trillion revenue mark in 2022 is a testament to her strategic acumen and the resilience of the organization she leads.
3. Fraud Fighting: Ms. Juuko’s proactive stance against fraud sets a commendable precedent in an industry often plagued by such challenges. By convening a sector-wide Anti-Fraud Forum and collaborating with relevant authorities, she has demonstrated a commitment to safeguarding the integrity of our financial systems. At the launch of the Banking Industry guidelines on mitigation of fraud that took place at Mystil Hotel 2 weeks ago, the Deputy Governor, Bank of Uganda, singled out Ann and Stanbic Bank for being instrumental in driving the achievement.
4. Driving Transformative Initiatives**: Collaborating with government bodies and other key partners to drive transformative PPP initiatives underscores Ms. Juuko’s dedication to leveraging the influence of the banking sector for the greater good of society.
5. Inspiration to the Masses: Ms. Juuko’s journey from humble beginnings to the pinnacle of success serves as a beacon of hope and inspiration, particularly for young women aspiring to leadership roles in our industry. Her triple B accolade (brains, beauty and Benevolence) reflects not only personal attributes but also the impact of her leadership style. And let’s not forget, Ann started as a humble bank-teller and worked her way to the top. Her story should inspire many young professionals out there most especially girls and women.
6. Zero Tolerance for Fraud and Unethical Behavior: With a resolute stance against fraud and unethical behavior, Ms. Juuko has upheld the highest standards of integrity within her organization. The dismissal of staff members involved in unethical practices speaks volumes about her commitment to maintaining a culture of accountability.
7.Champion of Staff Welfare: Employee welfare initiatives spearheaded by Ms. Juuko have undoubtedly contributed to a positive work environment within Stanbic. From comprehensive support during the challenges of Covid to enhanced benefits, her efforts have not gone unnoticed among the staff.
As discerning professionals, let us not be swayed by the allure of sensational headlines and baseless rumors. Instead, let us acknowledge and appreciate the contributions of leaders like Ms. Juuko, whose dedication and vision continue to shape the landscape of our industry for the better.
Ann is a transformational leader in this sector worthy of an applause. Not these malicious muddy attacks from some tabloid simply because someone paid for a story.
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