Petroleum Importers Limited (PIL) has appointed former Reserve Bank Governor Charles Chuka as its new board chairperson taking over from former Institute of Chartered Accountants in Malawi (Icam) president Henry Chowawa.
Speaking during the handover of the mantle in Blantyre on Friday, Chowawa said PIL remains focused to ensure security of fuel supply in the country.
“We make sure that PIL operates an efficient, cost-effective and safe business that ensures fuel availability in the country. We source our products and deliver at competitive costs to ensure the country benefits from such a lean operation that has operated effectively since 2000,” he said.
Chowawa said apart from importing fuel, PIL has also embarked on social responsibility projects focusing on health and education.
On his part, Chuka, who is also former chief executive officer of Malawi Telecommunications Limited (MTL) and World Bank Group senior adviser to the executive director based in Washington DC, said he looks forward to sustaining the work ethic previous boards and leaders of PIL have upheld in ensuring uninterrupted supply of fuel in Malawi.
He said PIL, a consortium of four fuel importing firms, should not be seen as a cartel in the usual negative sense, but a solution to managing a strategic commodity in a manner that benefits all Malawians.