OIBM workers rejoice over CEO's resignation

Employees of Opportunity International Bank of Malawi (OIBM) are filled with joy, happiness and excitement with the resignation of their chief executive officer Aleksandr Alain Kalanda.

Kalanda has headed the microfinance bank for the past 5 years after the expulsion of the former CEO Rodger Voorvies who was an American.

Many staff interviewed said the resignation was a Christmas Gift to the bank.

“This man was a dictator and what he wanted to hear was yes sir that almost all staff even his fellow senior staff were working with him in fear. Any time he is speaking to staff it was all intimidating with words like ‘whosoever cannot withstand the heat is free to resign and I will employ other people’ and we are happy that he is out of OIBM,” said one of the employees.

Kalanda: Resign

The OIBM staff claimed Kalanda used to fire people for questionable reasons in the name of poor performance and many people are jobless because of his heavy handedness.

“He fired the two Senior Managers, Head of Finance and Head of Risk for unknown reasons and many of us have been working very uncomfortably because job security wasn’t just there,” the sources said.

Kalanda’s resignation was prompted by an anonymous email sent to all staff which criticised him and his office allies on mismanagement of the bank’s money and his bad way of ruling an organisation.

This was followed by another email after two weeks which was copied to OIBM’s bosses in the US.

“This letter had facts, proofs and figures on the mishandling of the funds and psychological torture complains by the bank’s staff  the overall board had no pity words for Kalanda but force him to resign honourably of which he did,” said the sources.

Kalanda has an MBA from Oxford Brookes University (UK), and is a Chartered Certified Accountant and qualified auditor.

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