Press Corp advertises Chikaonda’s job:  Malawi conglomerate seeks new CEO

Conglomerate Press Corporation Limited (PCL) has hired auditing and placement firm KPMG to find a suitable replacement of its Group Chief Executive Officer Dr Matthews Chikaonda.

Chikaonda: Retires December 31, 2016

Chikaonda: Retires December 31, 2016

Chikaonda: PCL advertises his CEO job

Chikaonda: PCL advertises his CEO job

Chikaonda is set to retire from PCL on December 31, 2016 after being at the helm for the dual listed company for 14 years as its Group Chief Executive Officer.

KPMG started flying full page advertisements in both of Malawi’s daily newspapers, on Wednesday calling for submissions for the post which will close on February 29, 2016.

“The position requires in-depth knowledge of how businesses operate and of the financial, economic, cultural, political and social structures of Malawi. Similar knowledge of the surrounding regions would be an added advantage,” reads the advert on the professional, technical knowledge, skill and personal attributes of Chikaonda’s successor.

The position is considered one of the ‘best jobs’ in the country as PCL and its subsidiaries contribute to almost 30% to the economy through its investments in telecommunications, energy, financial services, food and beverages and consumer goods sectors.

Dr Chikaonda holds BA Finance & Economics (Hons), Diploma in Business Studies (Distinction), MBA (Finance) and Ph.D (Finance).

He joined the PCL Group in April 2002 as Group Chief Executive.  Prior to this, he served as Assistant Professor of Finance and Associate Professor of Finance (tenured) from 1988 to 1991, and 1992 to 1994, respectively, at Memorial University of Newfoundland in Canada before serving as Deputy Governor of the Reserve Bank of Malawi from August 1994.

In January 1995, Dr Chikaonda was appointed Governor of the Reserve Bank of Malawi and served in this post until March 2000 when he was appointed to the Cabinet and served in the Government of Malawi as Minister of Finance and Economic Planning until January 2002.

In his own right, Dr Chikaonda is a Director of Illovo Sugar (Malawi) Limited and he is also a member of the Leadership Council for the US-based Initiative for Global Development (IGD).

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24 thoughts on “Press Corp advertises Chikaonda’s job:  Malawi conglomerate seeks new CEO”

  1. Winston Msowoya says:

    Congrats Chikaonda,but one problem with you,you are an avowed tribalist against the hinyas.I hope with the present position,you will change your old nefarious hatrade of the northerners.Do not behave as if you did not go to school.

  2. Becks says:

    Only right minds appreciate good works of other people.

  3. Mandela says:

    This man has no strategies to mantain companies instead he closed many companies of press corp useless man now we struggling with hunger yet he could open irrigation farms or rice schemes in nkhotakota,chikwawa, nsanje but selling companies at a give away price for instance tambala chombe container enterprises to,mention afew useless man

  4. insider says:

    This guy has failed to run the group miserably. PCL is now worse than he found it. Companies like ptc, MTL and maldeco are on their deathbeds. In Dollar terms the group has lost more than 40% of its value since he took over. He has brought so much disunity within the group. So he has until December !!!!!!!

  5. 2016 welcome says:

    The unprecedented academic accolades people acquire ought to translate into action and action that benefits the poor for that matter. What do I have to celebrate for a man who presided over the closure of so many PCL subsidiaries rendering the poor jobless in the process?

  6. Gerald, anzeru a kummawa says:

    The best news I have heard in a long time. Retire him now, Dec kwatalika.

  7. Makweya says:

    Some of Chikaonda’s attributes are that he was dismissed as cabinet minister of finance for failure to perform with his 10 point plan. He’s now caused PTC to close down many shops that have been existing since Kamuzu days! He is a failure.
    So, MCP is getting a failure after another. Chakwera the failed pastor replaced by a failed executive! MCP shall never rule Malawi!

  8. Kambolo Kadyanji says:

    He has been a satisfactory caretaker – not a visionary at all. We need someone who can apply the enormous capital in Press and leverage it to attract development industries like power generation, tourism, agriprocessing etc
    Chiks was just a professor manager, conservative and ok

  9. mbudye says:

    He is a non-performer! He just keeps on closing press companies! A failed ceo! Let him go!

  10. A Nayo a Noma says:

    A Chikaonda go thee well , mwayesetsa kuchoka mutagwetsa a big organization like PCL, nzeru ngati za Bakili kumachoka pa malo mutaononga eeiishh koma anthu aku Malawi kusakonda dziko lanu. Komanso unali munthu watsankho ngati Peter Mathanyula.

  11. nzoona ndithu says:

    Will be remembered for closure of a lot of Press Subsidiaries and getting big sitting allowances

  12. kkkok says:

    1. Akufuna kukalowa chipani china chake olo kuyambitsa chipani chake.
    2. Pali mkulu wina wake woyipa anali bwana ku Mangochi then anapita ku Chikwawa, ameneyo ndithu akachita apply, ng’ambani cv yakeyo, ali ndi mtima wa satana, satithandiza.

  13. Winoko says:

    sangaimile u mp kwathuku?

  14. The Analyst says:

    O……………………………………………………………………………………………………………………………………………………………………………………………………….O
    Its quite paradoxical why Malawi is so poor a country yet it has a pool of such educated and seemingly intelligent people as Dr Chikaonda, Dr Mangani (Secretary to the Treasury), Good-All Gondwe (Minister of Finance), among others; and most importantly APM, a Professor of Law (as President).

    Then you quickly stop wondering when you remember that such men become as corrupt hence useless as everybody else once they get into the system and are give power as . . .
    “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” – Lord Acton (English Historian)

    Also, though these people may be intelligent, they lack wisdom; thus, more often than not, they surround themselves with and takes advice from unintelligent and useless people. As such their voice of reason is always drowned and only smoulders in dying flames. Indeed . . .
    “Power is always dangerous. It attracts the worst and corrupts the best.” – Ragnar Lothbrok (Vikings)
    ……………………………………………………………………………………………………………………………………………………………………………………………………….
    Anyway . . . inu a Chikaonda, mwadyelera (in every sense of the word). You have lived a full life (born, grew up, educated, married, worked and now about to retire); and we all know what remains of you now – to meet your Maker. As such, ngati mumadzikundikira chuma china mwachinyengo, lapani.
    The opportunity to retire should be looked at as an opportunity to stay away from the opportunity to yield to temptation. We all know that . . .
    “Opportunity makes a thief of a man. And a thief who has no opportunity to steal calls himself an honest man.” – Dictionary of Proverbs

    Otherwise, one thing that is clear from the Chikaonda story is that . . .
    “An investment in knowledge pays the best interest.” – Benjamin Franklin

    Let us all thus, seek knowledge: if we can or have the ability or opportunity and if possible. It is always possible.
    O…………………………………………………………………………………………………………………………………………………………………………………………………….O

    1. Che Shaibu says:

      I like your comment. so wise!

  15. Nyoni says:

    Sir chikaonda kapumeni bwino, mmanja mwanu

  16. Try is good says:

    Tiyesere zimenezi. Kanthu nkhama phwiti anakwata njiwa.

  17. Phillips Chisambo says:

    Mr Chikaonda has run the race and finished the course. go well and rest in peace !!!!!!!

  18. Journo says:

    I dont like this chikaonda guy good riddance

  19. Mzanga Dausi says:

    Mizozodo ya kayendetsedwe ka zachuma ndi imeneyo. Osati sekuru Gondwe iyayi. Tikuuzeni ife atonga poti za tribalism zanuzo ife sitigweramo.

    Ndipo inu mwalemba nkhaniyi mwayiwala chimodzi choti tikuuzeni pa za mkulu ameneyu. It was only under him as finance minister that we saw the appreciation of Malawi Kwacha in real terms such that Zimbabwean bus operators preferred to be paid in Malawi Kwacha than in South African Rand at the time. I even remember reading from the South African press (the Star newspaper in 1995) crediting Dr Chikaonda’s performance at the reserve bank.

    Osati mphofwa zanuzo, kuononga ndarama yomwe inali yamphamvu ya kwacha in Southern Africa region.

  20. eluby chikopa says:

    Mbala iyi ikapume. Kuba too much.

  21. Ex PCL man says:

    This man should have been retired long time ago, why? Because he turned PCL into a forex consumer from an a forex earner. During Kamuzu time PCL using to earn the country forex through its agro section this man started opening shops with Mpico. And since when PCL started producing energy, you mean they are selling charcoal?

  22. lazarus says:

    A legacy characterised by stripping and selling off assets of the once mighty Press Corporation… while all the time hailed as one of the greatest minds the Malawi nation ever had. Chikaonda represents the stereotypical accountant, too predictable and hardly entrepreneurial in seeking new ventures, markets and growth. If Press Corporation would be left on a better footing than he found it, it’d be in spite of him…

  23. Chazama says:

    While I personally appreciate his corporate contributions to our national economy, I would like to detest the way NT has advertised his goin out.
    The gentleman isn’t retired yet. Besides 31st Dec 2016 is not tomorow.
    Why not jus inform about the job being advertised?

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