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Public Service Pensions Fund names new CEO

Filed under: Breaking News,Business |

Patrick Bobo

Patrick Bobo has been appointed as the new Chief Executive Officer of the Public Service Pensions Fund (PSPF), taking over from Dr Richard Mwiinga whose contract was not renewed in controversial circumstances.

In December last year, the PSPF board was poised to renew Dr Mwiinga’s contract, having rated his performance as “exceptional and excellent,” but President Edgar Lungu prevailed on the board to not renew his contract in a move that sparked sustained media debates on politics and tribalism.

Dr Mwiinga tried to fight his dismissal – which he described as “strange” in an interview with a local tabloid- in the courts of law but ultimately lost the case.

Today, the PSPF board announced in a statement that Bobo, a chartered accountant who had previously served in the Operations, Finance and Internal Audit Departments of the PSPF, had been appointed as the new CEO.

“The Board of Public Service Pensions Fund is pleased to inform members of the public that Mr. Patrick Bobo has been appointed as the new Chief Executive effective 1st August, 2018,” interim PSPF Board Chairman Barnaby Mulenga told the press.

“Mr. Bobo brings a wealth of experience to the institution having served previously in the Operations, Finance and Internal Audit Departments of the Fund at management level. He has industry experience spanning over fifteen (15) years. Prior to joining Public Service Pensions Fund, Mr. Bobo worked with the Ministry of Health and Moores Rowland Chartered Accountants. The new Chief Executive is a certified Chartered Accountant and also holds a Masters of Science in Social Protection Financing from University of Mauritius. He holds fellowship membership with both Zambia Institute of Chartered Accountants (ZICA) and the Association of Chartered Certified Accountants (ACCA).

“The Board is confident that Mr. Bobo will deliver to the expectations of the members and all stakeholders in line with the Public Service Pensions Fund Strategic Plan.”


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