Illovo Sugar Malawi plc has announced the appointment of Mr Kondwani Msimuko, FCCA, as its Interim Managing Director, effective January 1, 2025. This follows the transition of Mr Lekani Katandula, who assumes the role of ABF Sugar Chief Financial Officer.
Mr Msimuko, who joined Illovo Sugar Malawi in September 2021 as Finance Director, has been instrumental in driving the company through significant developments. His expertise in risk management, financial reporting, and leadership has positioned him as a strong candidate to guide Illovo during this transitional period.
Chairman Jimmy Lipunga expressed confidence in Msimuko’s ability to maintain stability and support during this transition, reinforcing Illovo’s vision for sustainable growth.
Before joining Illovo, Mr Msimuko held notable positions, including Acting Chief Financial Officer at Opportunity International Bank of Malawi and Associate Director at Deloitte Africa, where he also led audit teams across the continent.
The process for appointing a permanent Managing Director is ongoing, with Illovo emphasizing its commitment to a comprehensive selection process to identify the ideal candidate.
