Press Corporation Limited (PCL) group chief executive officer Matthews Chikaonda is set to retire at the dual-listed conglomerate on December 31 this year after 14 years.
His position was advertised yesterday in the print media by KPMG, an audit, tax and advisory firm.
The conglomerate, listed on the Malawi Stock Exchange (MSE) and London Stock Exchange (LSE) as a global depository receipt is regarded as one of the largest holding companies in Malawi and has interests in financial services, telecommunications, food and beverages, energy and consumer goods.
“This highly diversified company has stakes in several subsidiary companies, joint ventures and associated companies,” reads the advert in part.
Chikaonda could not be reached for comment yesterday as he is reportedly abroad, but prior to that he served as deputy governor of the Reserve Bank of Malawi (RBM) from August 1994.
In January 1995, he was appointed RBM Governor and served in the post until March 2000 when he was appointed Minister of Finance and Economic Planning. He is famous for his 10-point plan during his tenure as minister.