Robert Kabushenga’s exit is not news anymore following a Vision Group board meeting that sat in the last week of June 2017. During the meeting, it was decided that Kabushenga gracefully retires from his position as Vision Group CEO in December 2017. That implies that he now has less than 6 months at the helm of the leading media group in the country.
We’ve learned that the meeting that was heated at many points raised a number of issues in regards to Kabushenga’s stay at the Group. One of those raised was the declining profit margins that have seen the empire lose readership numbers despite being top in the country. Most critical also, board members cited credibility issues that have shadowed Kabushenga’s leadership.
However, despite all these concerns, the board agreed in unison that even with all these flaws, Kabushenga had been a successful CEO. However, it was high time someone else took over the top position to avoid building power centres around one individual as a way of ensuring sustainability at this media group. One of the members suggested that Kabushenga retires this coming December, a motion that was endorsed by all those present.
In recent times, Kabushenga has come under the spotlight in regards to the Sudhir-Bank of Uganda face-off. A number of people have also complained that he could be using the media houses in his mantle to fight personal wars and to crack personal financial deals. This rumours though unconfirmed continue to unsettle many board members as they see it as a threat to the brand of this media house.
Story to Be continued.
