Stanbic Uganda Names Former EABL and Airtel Executive Mark Ocitti Ongom as CEO

Stanbic Uganda Holdings Limited has announced the appointment of former Kenya Breweries Managing Director and Equity Bank Uganda board chairman Mark Ocitti Ongom as its new Chief Executive and Director of the Board, effective July 10, 2026.

In a statement dated June 16, the bank said the appointment follows approval by the relevant regulatory authorities and forms part of a planned leadership transition aimed at ensuring continuity and long-term stability within the organisation.

“Stanbic Uganda Holdings Limited (SUHL) is pleased to announce the appointment of Mark Ocitti Ongom as Chief Executive and Director of the SUHL Board, effective 10 July 2026,” read part of the statement.

Stanbic Uganda Names Mark Ocitti Ongom As New CEO

The bank noted that the appointment is part of a structured and well-managed succession plan designed to strengthen governance and support its growth strategy across Uganda and the region.

According to Stanbic Uganda, the outgoing Chief Executive, Francis Karuhanga, who has been serving in a dual capacity as Chief Executive of Stanbic Uganda Holdings Limited and Regional Chief Executive for Southern and Central Africa, will step down from his role at SUHL.

“Francis Karuhanga, who had been double-hatting as Chief Executive of SUHL and Regional Chief Executive for Southern and Central Africa, will step down from the SUHL role and continue as Regional Chief Executive for Southern and Central Africa for Standard Bank Group,” Stanbic Uganda stated.

The bank further highlighted that Francis will continue serving as Regional Chief Executive for Southern and Central Africa within Standard Bank Group.

Also Read: Profile of David Dimba: Man Who Appointed Himself as CEO of Stanbic Bank

Leaders Congratulate the New CEO on His Appointment

Meanwhile, the Stanbic Uganda Board Chairman, Baker Magunda, welcomed the appointment, saying Ongom brings vast experience and leadership capability to the institution at a critical time.

He also paid tribute to outgoing CEO Francis Karuhanga for his stewardship and contribution to the bank’s strong foundation for future growth.

Additionally, Joshua Oigara, Regional Chief Executive for East Africa at Standard Bank Group, noted that Ongom’s leadership, strategic clarity, and commercial expertise position him well to steer Stanbic Uganda into its next phase of growth and innovation.

Speaking after his appointment, Mark Ocitti Ongom expressed gratitude for the opportunity and highlighted the strength of the organisation’s workforce.

“I am honoured to take on this responsibility at such an exciting time for Stanbic Uganda,” he said.

He added that the commitment and professionalism of staff within the institution will be central to delivering value to clients and sustaining growth.

Also Read: Kenya Set to Receive Ksh 98 Billion World Bank Funding Ahead of Fiscal Year-End

 Career Profile of Mark Ocitti Ongom

Mark Ocitti Ongom brings nearly three decades of leadership experience across the FMCG, telecommunications, and energy sectors in Uganda and the wider East and Central African region.

He holds a Master of Business Administration (MBA) from Heriot-Watt University’s Edinburgh Business School in Scotland and a Bachelor of Statistics (Honours) from Makerere University.

In addition, he is also an Associate of the Chartered Institute of Arbitrators in the United Kingdom.

Before his appointment, Mark Ongom held senior leadership roles at East African Breweries Limited, Airtel Africa, and Shell Uganda.

He has also served as non-executive Chairman of Equity Bank Uganda and currently serves as President of Sanku.

Follow our WhatsApp channel for instant news updates.

Stanbic Uganda Appoints Mark Ongom as CEO. Photo/ file