Telecom Network Malawi hires CEO from Vodacom SA
Telecom Network Malawi (TNM) plc has new chief executive officer (CEO) Douglas Stevenson who was MD at Vodacom Business Africa in South Africa and has served as finance director in various companies, including Vodacom Tanzania and Vodacom Mozambique.
He has replaced Willem Swart after working for the listed telecommunications service provider for five years.
Introducing Stevenson to the business community, TNM board chairperson Mathews Chikaonda, said the new CEO has been brought in to continue with the growth drive accelerated by Swart at TNM.
“Stevenson brings to TNM vast knowledge and experience that the company needs to further its leadership position on the market,” said Chikaonda.
And upbeat Stevenson said he strongly believes that “ TNM and, Malawi as an economy, has a bright future.”
He said for TNM to excel in the tough economic environment, it will largely depend on how innovative the company is on the market and how fast it embraces the transition in the information and communication technology (ICT) framework.
“For us to grow, we need to offer products that are customer-centred and leapfrog with the technologies. In the past, we used to be more prescriptive in our products development to our customers but now, we have to give what our customers need which is an enabler in doing business,” he said.
Stevenson said as the world is fast moving into data, TNM will need to generate own content that is understood by the market while embracing new developments in the telecommunications sector.<
According to outgoing MD Swart , TNM has invested $150 million (K84 billion) in the past five years which has improved the company’s profitability and increased the subscriber base.
TNM is listed on the Malawi Stock Exchange (MSE).
We need CEO who r productive.Being a Malawian or not is not a problem.
Vuto la aMalawi ndi umbuli, nsanje, ndi kaduka. Companies employ foreigners whether white or black with the view of tapping new and rare skills or talents which the local counterparts may not have. If you check in Africa, many countries doing well are those with many whites either working or investing there. Take the case of RSA, Kenya, Tanzania, Mozambique, China, Japan, Hongkong, Thailand, Mauritius etc. Although I don’t agree with Chikaonda on many issues, this one, he is not wrong for employing this gentleman and its just intended to tap his expertise in working with similar telecommunication business! Some… Read more »
A Malawi kuba ndikuchita tizibwenzi ndi akazi Osaka ntchito m ma office’mu ndye ntchito singayendepo,bravo mr chikaonda,mzungu amagwira ntchito..achoka bwanji chikaondayo oti akuchita zooneka..
I don’t think it’s a bad move employing a white man… Mention any company that has successful when a local was managing it.. Please don’t say airtel because you don’t know half of what was happening there!
Mathew Chikaonda is a very useless Executive in Malawi. He needs to be force retired from TNM and PRESS. Look @the shares of TNM they are the worst deliberately manipulated by him
Chikaonda that’s the way to go. A Malawi amangotsogoza cash gate. We need someone like Douglas to change the game. Inu simunawona a airtel amayika mmalawi patsogolo koma ntchito akuyendetsa ndi amwenye okhaoka. Congrats Chikaonda
Kodi bwana President, Chikaondayu mumamuopa eti???? He has overstayed at PCL and most companies are going under. Companies like PTC, Maldeco, PUMA, Press Properties MTL are almost dead.
He is 63 years old but retirement age is 60. What are Trustees doing? We understand his contract has just been extended to December 2017. This is rubbish!!!!!
mathews chikaonda when are you going to retire or quit??? u are the one messing up PRESS CONGLOMATE, why do u prefer recruiting whites always as CEO at TNM??? dont u trust fellow malawians??? or u think malawians know u better that u are incompetent?its time for u also to quit, Corporate governance princple is 5 yrs to be a CEO for a company to remain vibrant, why r u still a CEO for more than 17 yrs as group CEO???? leave or else we will chase u via witchcraft!!!!!
Ndiye kuti there’s no Malawian who is qualified for the position? Kupusa
Congtatulations Douglas