Illovo Africa appoints Doug Kasambala new Group Finance Director
Sugar manufacturer Illovo Sugar Africa (Illovo Malawi’s parent company), has appointed Doug Kasambala as Group Finance Director effective 1 February 2020, the first Malawian to hold such a post in the group.
Mark Bainbridge out‐going Managing Director of Illovo Sugar Malawi said as Africa’s leading sugar producer, Illovo are determined to appoint and develop “the very best talent from across our markets.’’
Kasambara enters the role with an academic resume that has CIMA qualifications, a Bachelor of Science degree in Computer Science (University of Malawi), and an MBA in Finance (University of Nottingham).
His resume further exposes a finance man that is well rounded.
“Doug joins Illovo from KPMG UK where, as a Director in their Corporates – Finance transformation practice, he led the manufacturing finance capability”, according to Kasambara’s profile shared with Nyasa Times by IllovoSugar.
“Doug has spent five years with KPMG, and prior to that, was a Finance transformation consultant with IBM for three years”.
He has led large and complex finance and management information transformation projects with several multinational corporations including BP, Glaxo Smithkline, and AstraZeneca, as well as ABF.
Prior to becoming a consultant, Doug gained FMCG experience having spent 13 years with Unilever Plc supporting different regions including Europe, Africa and Asia in various functions including corporate audit, supply chain finance and enterprise services working as Finance Manager progressing to Finance Director.
Before moving to the UK, Doug started his career in the banking industry in Malawi, working with the two largest banks, Commercial Bank (now Stanbic) and National Bank in their treasury and leasing departments.
Kasambara said he is “ very excited” by the opportunity to join Illovo, “particularly at this crucial time as the business continues to transform.”
Well, when Lekani was promoted the tribal thing did not come up. Pano Eeeh north Korea. It’s sad because it’s evident who the tribalists are. That said congratulations are in order sir.
Congratulations Doug… successful from the foundation
North Korea continues to shine, well done Sir so proud of you carry that banner really high! Quota system or no Quota system, w e will contiune to rise Up!!!!!
Quota resistant.
UKU NDIYE KUBWERA!Osati zinazi
Illovo seems to be slowly invading, occupying and will eventually be controlling audit firms. First it was top auditor lekani katandula joining his client illovo malawi, now this kasambara from kpmg uk joing illovo africa. There is risk of creating revolving doors between audit firms and illovo (auditor capture) which could lead to poor quality audits. Already illovo malawi is answering charges relating to illegal foreign payments to illovo africa
Many congratulations to him. But lying is no good. the first Malawian on this post is lekani Katandula who has been promoted to be the first Malawian to be the Managing Director.
komatu alemba kuti “Illovo Sugar Africa” not illovo Malawi?
Lekani is Managing Director of Illovo Malawi whilst Doug Kasambara is Finance Director of Illovo Sugar AFRICA the parent company of Illovo Malawi, sukumvetsa pati Joseph Banda? Lekani is overall in charge of Illovo Malawi and Doug is incharge of Illovo’s six African businesses (the financial part), is it clear?
Iiiiiiii kuwuma mutu!!! Read carefully iwe!!!!
Joseph always kukhala ndi mtima watsankho
Phuma!………. next time make sure you understand issues before exposing your ignorance. Illovo ( Malawi ( Katandula) and Illovo Africa ( Kasambara) are not the same