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 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).