Press Corp advertises Chikaonda’s job: Malawi conglomerate seeks new CEO
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).
Congrats Chikaonda,but one problem with you,you are an avowed tribalist against the hinyas.I hope with the present position,you will change your old nefarious hatrade of the northerners.Do not behave as if you did not go to school.
Only right minds appreciate good works of other people.
This man has no strategies to mantain companies instead he closed many companies of press corp useless man now we struggling with hunger yet he could open irrigation farms or rice schemes in nkhotakota,chikwawa, nsanje but selling companies at a give away price for instance tambala chombe container enterprises to,mention afew useless man
This guy has failed to run the group miserably. PCL is now worse than he found it. Companies like ptc, MTL and maldeco are on their deathbeds. In Dollar terms the group has lost more than 40% of its value since he took over. He has brought so much disunity within the group. So he has until December !!!!!!!
The unprecedented academic accolades people acquire ought to translate into action and action that benefits the poor for that matter. What do I have to celebrate for a man who presided over the closure of so many PCL subsidiaries rendering the poor jobless in the process?
The best news I have heard in a long time. Retire him now, Dec kwatalika.
Some of Chikaonda’s attributes are that he was dismissed as cabinet minister of finance for failure to perform with his 10 point plan. He’s now caused PTC to close down many shops that have been existing since Kamuzu days! He is a failure.
So, MCP is getting a failure after another. Chakwera the failed pastor replaced by a failed executive! MCP shall never rule Malawi!
He has been a satisfactory caretaker – not a visionary at all. We need someone who can apply the enormous capital in Press and leverage it to attract development industries like power generation, tourism, agriprocessing etc
Chiks was just a professor manager, conservative and ok
He is a non-performer! He just keeps on closing press companies! A failed ceo! Let him go!
A Chikaonda go thee well , mwayesetsa kuchoka mutagwetsa a big organization like PCL, nzeru ngati za Bakili kumachoka pa malo mutaononga eeiishh koma anthu aku Malawi kusakonda dziko lanu. Komanso unali munthu watsankho ngati Peter Mathanyula.