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George Partridge is now new Press Corporation Limited boss

The Press Corporation Limited board of directors have appointed National Bank of Malawi (NBM) Chief Executive Officer, Dr George Partridge, as the new group chief executive officer of the conglomerate effective November 1.

Partridge will succeed Dr Matthews Chikaonda, who has been at the helm of PCL since 2002.

In a statement signed by Company Secretary, Bernard Ndau, PCL says the appointment of Partridge follows a rigorous and transparent recruitment process that commenced in January 2016.

Partridge holds a Bachelor of Science (BSc) degree with distinction majoring in economics with computer science as a minor which he obtained in 1983 from Chancellor College of the University of Malawi.

He also holds a Master of Science (MSc) degree specialising in finance from the University of Southampton, UK.

Partridge qualified as a chartered accountant with Acca in 1993 before becoming of Fellow of Certified Chartered Account (FCCA) in 1998.

In recognition of his achievements and service to society, he was awarded an honorary Doctor of Philosophy (PhD) degree in Leadership and Management in 2016 by the University of Malawi.

Partridge’s biggest task will be to consolidate and grow the business which has experienced rising competition over the past 10 years.

Ndau said the PCL board is convinced that in Partridge, together with the rest of executive management, it has the right leadership team to continue to drive the group’s agenda and strategy in the right direction and to lead the conglomerate to greater heights.

Economics Association of Malawi (Ecama) president, Henry Kachaje, on Friday welcomed Partridge’s appointment to the helm of PCL, saying he is well qualified and experienced for the job considering that he has been running the biggest financial institution in the country, in NBM.

“I think his understanding of the Malawian market is deep enough to enable him captain the PCL ship,” said Kachaje.

PCL is a public company incorporated in Malawi, under the Companies Act of 1984; and is listed on the Malawi Stock Exchange and on the London Stock Exchange as a global depository receipt.

Being the largest holding company in Malawi, PCL has interests in different sectors of the Malawi economy including: financial services, telecommunications, food and beverages, energy and consumer goods.

The highly diversified company has stakes in 13 companies comprising of eight subsidiaries, four joint ventures and one associate.

As at the close of business on the MSE on Friday, PCL shares were trading at K535 each.

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