Appointment takes immediate effect.
Kigali, December 7, 2017 – The Development Bank of Rwanda (BRD) announces that the Board of Directors has appointed Mr. Eric RUTABANA as the new Chief Executive Officer (CEO) replacing Mr. Alex KANYANKOLE who has served the bank since July 2013.
While announcing the new appointment, the Chairman of BRD Board of Directors, Mr. Francis MUGISHA noted that the change is intended to cement the Bank’s achievements and accelerate the efforts to implement the Bank’s Strategic Plan 2016 – 2020.
The in-coming CEO, Mr. Eric RUTABANA, joins BRD having most recently been the Country Head, Corporate and Investment Banking at BPR (part of Atlas Mara Group).
“On behalf of the entire BRD Board and Stakeholders, I am pleased to welcome the new CEO, Mr. Eric RUTABANA, and offer our unreserved support in his new assignment. Eric is an accomplished banker and understands the new mandate of BRD as a development financial institution. We are confident that he will successfully steer the bank to make even greater contribution to Rwanda’s socio-economic development.” said Mr. Francis Mugisha, Chairman of the BRD Board of Directors.
On behalf of the Board, Mr. Mugisha extended his sincere appreciation to the out-going CEO, Mr. Alex KANYANKOLE, for his dedicated service, particularly leading the bank’s successful reorganization and restructuring to focus as a development finance institution.
“On behalf of the Board and Management, I would like to thank Mr. Alex KANYANKOLE for his dedicated service in leading the bank since July 2013. We are privileged to have worked with him, and commend his able leadership during the development and implementation of the Bank’s new strategy. We wish him success in his new endeavors”.