Uganda Clays Limited has announced a change in its executive leadership following the expiry of the contract of its Managing Director, Mr Reuben B. Tumwebaze.
In a notice issued to shareholders and the general public, the company said Mr Tumwebaze’s employment contract ended on 31 January 2026 and was not renewed.
The Board of Directors led by Martin Kasekende, expressed appreciation for his contribution to the company during his tenure and wished him well in his future endeavours.
Following his departure, the Board has appointed the company’s Head of Finance, Mr Jones Muhumuza, as Acting Managing Director with effect from 1 February 2026. Mr Muhumuza will hold the position on an interim basis until a substantive Managing Director is appointed.
The leadership transition comes as Uganda Clays Limited continues to navigate a challenging operating environment marked by rising input costs, subdued construction activity and evolving market conditions in the building materials sector.
The appointment of an internal executive is expected to provide continuity in management as the Board undertakes the process of identifying a permanent chief executive.
The company said the notice was issued in compliance with Rule 36(2)(h) of the Listing Rules 2025, which requires listed companies to promptly disclose changes in senior management.
Uganda Clays Limited is listed on the Uganda Securities Exchange and is a leading manufacturer of clay-based building materials in the country.