Chikaonda set to leave PCL in December 2016

Long-serving Press Corporation Limited (PCL) group chief executive officer, Mathews Chikaonda, is set to retire from the conglomerate on December 31, 2016 and the company has since placed advertisements in the newspaper to recruit his successor.

PCL, through business advisory firm KPMG, placed an advert in The Daily Times of yesterday looking for applicants to take-up probably Malawi’s top most and highest paying private sector job.
The ideal candidate, according to KPMG, is expected to have at least a masters degree in finance, economics, accounting, business management, business administration or entrepreneurship with at least 15 years top management experience in a similar organisation.
Those with a doctorate of philosophy degree will have an added advantage, reads the advert.
Born August 8, 1954, Chikoanda, a former university associate professor in Canada, joined PCL in 2002 after serving as Minister of Finance between the year 2000 and 2002 under the UDF government of former President Bakili Muluzi.
Prior to his ministerial appointment, he served as briefly as deputy governor and for several years as governor of the Reserve Bank of Malawi between 1994 and 2002 after he returned to the country from Canada.
As minister of finance, Chikaonda will became famous for strict austerity measures under what he called the “Ten-Point-Plan” which, among other things, saw the government increasing University of Malawi fees from K1,500 to K46,000 a year amidst strong protests from students, parents and other members of the public.
He holds a doctorate and a master in business administration degree in finance as well as bachelors’ degree in economics and finance.
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