|NOTICE to shareholders - Election of Chairman of the board|
|Friday, 13 May 2016 00:00|
Press Corporation Limited (PCL) is pleased to announce that at its Special Meeting held on 5th May, 2016, the Company’s Board of Directors elected Mr Patrick Willie Khembo as the new Chairman of the Board.
Mr Khembo succeeds Mr Simon ltaye who resigned from the Board on 25th April, 2016 after serving as director for eighteen years. Mr Khembo chaired the Board’s Risk Committee until his election as Chairman. He is an Agronomist, having graduated from the University of Malawi with a B.Sc in Agriculture.
Until his retirement from Chemicals & Marketing Company Ltd (CMCL) in 2015, Mr Khembo was the Managing Director and principle shareholder of CMCL. He has previously served, and continues to serve, on several boards in the private as well as public sectors.
The Board and Executive Management of PCL express their gratitude to Mr ltaye for his commitment and leadership; and, congratulate Mr Khembo on his election as Chairman and wish him success.
By Order of the Board
BENARD M.W NDAU