By Chisomo Phiri

Press Corporation plc has announced the appointment of Dr. Ronald Mangani as its Chief Executive Officer ( CEO) effective March 1,2023.

In a statement, the company’s secretary Maureen Mbeye says Mangani replaces Dr. Lyton Chithambo who had been the acting CEO since February, 2022.

She says, Mangani has demonstrable leadership skills including working as the Secretary to the Treasury of the Malawi Government between 2014 and 2017 hence his appointment.

” He also chaired the Board of Old Mutual Malawi Limited and served as an independent Director of the Boards of the First Capital Bank, the Reserve Bank of Malawi, the Malawi Stock Exchange, MDC Limited, and the Malawi Institute of Management;among several others.

” He was one of the founding members of the Economics Association of Malawi.

” In addition, Dr. Mangani was a network member of the African Economic Research Consortium of Kenya and part of the global faculty of the Tanzania-based Trade Policy Training Centre in Africa,” she says.

Mbeye adds that Mangani has also taken numerous consultancy and technical advisory assignments for various governments, the private sector, nongovernmental organizations and the international development agencies on the African continent.

She says ” He therefore, brings to PLC extensive experience in managerial leadership, investment decision making financial and economic management and strategic planning.”

Press Corporation Limited is a business conglomerate that serves as a holding company to fifteen Malawian businesses.

It is the largest business conglomerate in the country.

As of 31 December 2018, Press Corporation Limited had MWK:271,162,000,000 (US$376 million) worth of assets under management.

The company was founded in 1961, as Malawi Press Limited, a publishing Company.

It expanded rapidly, and by 1979 it had stakes in 17 subsidiary companies and 23 associated companies.