Lekani Katandula is new Illovo Malawi managing director
Illovo Sugar (Malawi) plc has appointed their human resource director Lekani Katandula as the company’s new managing director, the first Malawian to hold the post.
A statement made available to Nyasa Times by Illovo Sugar Africa group managing director Gavin Dalgleish, notes that Katandula takes over from Mark Bainbridge who recently departed the company.
Katandula joined the Malawi Stock Exchange (MSE)-listed sugar manufacturer in 2015 as Financial Director until 2017 when he was appointed Human Resource Director.
“As Financial Director, Lekani championed significant internal control improvements leading to the Malawi Finance team being awarded the most improved financial control environment accolade within the Illovo Africa Group as at August 2017,” the statement reads.
According to the statement, as human resource director, Katandula delivered efficiency-enhancing payroll and benefits reforms which have transformed the business.
“Last year, the Malawi HR team won the Human Resources Award presented to Lekani and at the Group awards ceremony at last year’s Leadership Conference.”
Katandula was appointed to the Board of Ethanol Company Limited on 1st July 2017.
Prior to joining Illovo, Katandulaworked with Deloitte for 19 years where he held several position in including being the Professional Practice Director for Deloitte Malawi, Zambia and Zimbabwe.
He was also a lead partner in Deloitte Corporate Finance, liquidator of Air Malawi Limited and an Audit Partner for 11 years serving various clients including Reserve Bank of Malawi, Press Corporation plc, National Bank of Malawi plc, FDH Bank, Telekom Networks Malawi plc, Nampak Malawi limited, United General Insurance.
Katundula is also ACCA qualified, CFA Charter holder, CISA qualified.
He holds a Bachelors of Accountancy from University of Malawi and an MBA Degree from the University of Bradford in the UK.
Katundula serves as a non-executive director in a number of other sectors of the Malawi economy and chairs various committees.
He is a former boardchair of Phoenix International Primary School, Alliance Capital Limited, and the Institute of Chartered Accountants in Malawi where he was president for two years.
Katundula is a trustee for SUCOMA group pension scheme and a non-executive director at First Capital Bank, Ethanol Company and Malawi Telecommunications Limited.
Sugar is one of the country’s forex earners and Illovo Sugar (Malawi) plc, which has a 97 percent market share, employs about 9 500 people.
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Well deserved…You have a very impressive CV sir…God bless you Lekani and may the good Lord see you through in your new appointment. Best Wishes…
Congratulations to you Lekani for asserting to that position we’re with you always
Chimulurenji akawona chonchi nde aziti chiyani pankhani ya school?
Congratulations Mr Katandula!!
Congratulation Mr. Lekani Katandula for the new position,no doubt you will make it.
Bravo Boss good CV…..
Lekani we celebrate with you because of your success.
Komatu CV yabwino..basi VP kukasankha Chimulirenji anthu ngati awa alipo mxiewww
Congratulations Lekani. Ndani amati aSena saaphunzira. Those who know him know he is a quiet super genius.
@ Trudy Nkhani yabwino bwinoyi za mtundu wa usena zikubwranso bwanji apa? iiiiiiiish
what a CV eish! he deserves the new appointment. The guy is super genius
U have made my day,congrats. Wishing u the best luck!!!!
Is illovo also involved in transfer pricing where all profits are syphoned to rsa or London? After privatisation how much money was invested by illovo into the company? Anything to show from illovo?
You’ve hit the nail on the head. In this current position Lekani has to ensure that minority shareholders and Malawian workers benefit appropriately from Malawi’s wealth. Illovo is a study in blatant transfer pricing, fleecing minority shareholders and workers at will. Things have to change. Otherwise all the best to Lekani, a true Malawian genius…
What an impressive CV! Congratulations
Congratulations, Lekani! This is the news we love to hear. All the very best
Congratulations Mr Accountant
Congrats. We are interested to see how you will deal with the plight of the outgrower. Your racist predecessors have been more interested in super normal profits at the expense of a grower. Show us that you are indeed a Malawian with a warm heart.
All the best Sir! Please don’t bring the company down as it is with most companies once Malawians take over… One can never go wrong with hardwork / integrity and good will for the Company, it’s people and the nation..
Congratulations, an inspiration.
Congrats Lekani. May God bless you with wisdom like King Solomon to look after the welfare of malawians. Next is Standard Bank. We want a malawian there. All colonialists must go.
Like King Solomon to give wisdom for enough girls? That’s the way forward…😜😜😜
ZABWINO, MAONA NGATI AKULU ENA AKE AJA NDE UPHUNZIRA MOPOSA MUYESOTU, KANINSO KU ILLOVO KULINSO NAMANDWA NGATI IZI??
Congrats lekani. Well deserved. Gain the love of the staff, shouldnt be too difficult taking over from that racist bastard. Thank heavens he’s going. He’s been the worst md we’ve ever had. Give us back our working freedom lekani. That man is a tyrant. I wonder if his wife even loves him, looks unbathed all the time.
Congratulations Mr accountant. From the achievements it is clear you are the leading cost cutter in Africa as a whole and Malawi in particular