Mwadiwa appointed new Press Corporation plc board chairperson
Dual-listed Malawi’s largest conglomerate Press Corporation plc Board of Directors have appointed former Secretary to the Treasury Randson Mwadiwa as its new Board Chairman following the retirement of former Chairman Patrick Khembo.
Mwadiwa was appointed to his new position following a Press Corporation plc board meeting held in Blantyre on Monday.
Press Corporation plc Company Secretary Bernard Ndau confirmed of Mwadiwa’s appointment and two other new non-executive directors on the board.
“Apart from the appointment of Mr. Mwadiwa as Chairman of the Board, two other non-executive directors were also appointed namely Mr. Dye Mawindo and Mrs. Betty Mahuka,” said Ndau.
Khembo together with other two directors Ben Chidyaonga and Estelle Nuka retired from the Press Corporation plc board recently.
Mwadiwa holds a Bachelor of Arts Degree in Public Administration, Master of Arts in Public Administration and another Master of Arts in Industrial Affairs.
After graduating from the University of Malawi’s Chancellor College in 1978, Mwadiwa joined Commercial Bank of Malawi as a Management Trainee before joining the Malawi Civil Service in 1979 where he severed in various positions until he retired in 2016.
Among other positions that he served in the civil service include Secretary to the Treasury, Secretary for Agriculture, Secretary for Energy and Natural Resources, Secretary for Gender and Children, Secretary for Transport and Public Works and Secretary for Industry and Trade.
Mwadiwa has also served on a number of parastatal boards for a number of years and currently consults on Public Finance Management and Public Service Reforms.
Press Corporation plc which is listed on the Malawi Stock Exchange (MSE), is one of Malawi’s largest conglomerates with interests in different sectors of the Malawi economy including financial services, telecommunications, food and beverage, energy and consumer goods.
PCL is no longer dual listed.
Bwana Mwadiwa, stopped the greed that is at PCL. The Group is in decline yet management gets bonuses sometimes K400 million for one executive.
Why should they get more than shareholders for very poor performance? They give each other bonuses even if the results are not satisfactory.
Moreover PCL is top heavy, there is no need for all those executives who have no business acumen.
Please investigate them!!!!!!
u can say that again, how do those people share all those monies for poor perfomance sure? 15 companies only 2 make profits and share such monies? for being medicore or what? coz the report cared is very clear
Munthu degree yako ndiyoweta mbuzi what are you doing as the head of this thing with a 400 million bonus. Ndepoti ACB idakatumbwa mumva chigwada. We are coming for all those who have retired too. Mwasakaza makobidi anyani inu. Kumanga zinyumba ngati filimu yaku nigeria simununati.
Awuze bigman!!
Congratulations
PCL has failed to live up to it’s expectations the last 12yrs, how do you explain about a conglomerate that has 15 companies, but only 2 companies are making profits in TNM and NBM? The leadership of Mathews Chikaonda, George Patridge has been a very big disappointment honestly, Kokoliko Holdings please fast track your conglomerate that should rival PCL which seems to have lost taste, PCL is the only company in Malawi which is more powerful than it’s rightful owner which is Press Trust, very useless leadership at press Trust, they don’t even know what they are managing, Press Trust… Read more »
kodi aja anatenga laptop ya bomakukapatsa ana kunyumba then implicating ma junior staff kuti aba. eh khaya
Where else is press listed besides Malawi as of today?
I take it kulibe ka William kachichepere uku. We still with them old timers reciting John Smith nonsense. Everything is still manual. Good golly nyamayambuzi ndi marie sauce!!
Mwandiwa served on a number of boards with no mention of what he achieved. Nope, we are told he has all these degrees. (Nothing wrong with that koma investor samadyanawo degree). Carry on.
Kkkkk koma ndiye. School anamaliza 1978 kuli ma computer ankhongo angasinthe zinthu?
He is so young. That’s the change the youth wanted.