The Press Corporation plc Board of Directors have announced the appointment of Randson Mwadiwa as its new Board Chairman.
Following the retirement of former Chairman Patrick Khembo., Mwadiwa steps in with two other new non-executive directors on the board, namely Mr. Dye Mawindo and Mrs. Betty Mahuka, who are also taking over from retired board members.
Mwadiwa served as Secretary to the Treasury, Secretary for Agriculture, Secretary for Energy and Natural Resources, among many others in the civil service. During the conglomerate’s annual general meeting (AGM), it was announced that the company delisted from the London Stock Exchange (LSE). According to PCL board chairperson Patrick Khembo, the call follows a review of continued benefits of listing on the bourse. “The factors that were considered included the extremely low trading volumes for the past years, huge regulatory, compliance and administrative costs the company incurs annually and the likely liquidity benefits that a cancellation could trigger on the local market.” said Khembo.