PRESS CORPORATION LIMITED (PCL) is pleased to announce the appointment of Dr George Partridge as the new Group Chief Executive. The appointment of Dr Partridge follows a rigorous and transparent recruitment process that commenced in January, 2016 and has spanned over a period of six (6) months.

The Board embarked on a recruitment drive for a new Group Chief Executive in mid-2015 in light of the impending retirement of Dr Mathews Chikaonda in December 2016. To ensure objectivity and transparency, an independent audit firm, KPMG Advisory Services Limited (KPMG), was hired to handle the recruitment process, including the initial short-listing of qualified candidates; arranging for interviews and interfacing with the candidates. Notwithstanding the existence of a succession plan that the Board had endorsed, the process was open to internal as well as external candidates to the Group. The Interview Panel consisted of members of the Board’s Appointments and Remuneration Committee and representatives of KPMG.  The Panel’s recommendation of the top three (3) candidates in rank order was deliberated upon and approved by the Board at its Special Meeting held on 17th May 2016. The Board expresses its gratitude to members of the Appointments and Remuneration Committee as well as the Partners at KPMG for their meticulous efforts in ensuring that the process was conducted in the most professional, efficient and confidential manner.

At the Company’s Thirty Second Annual General Meeting held on Wednesday 22^nd June, 2016, the following resolution was adopted: