Tuesday, October 19, 2021

Michael Tlhagwane could replace Kgosidiile as MVA CEO

Motor Vehicle Accident Fund (MVA) is casting about for a new CEO and the process is reported to have reached the crux. The company has reportedly put together a shortlist of candidates after having completed the screening and interview process recently.

Sunday Standard is reliably informed that the list of potential replacements include the current NBFIRA Deputy CEO Corporate Services Michael Tlhagwane who could return to MVA as CEO as he was outstanding in the two interviews. He previously worked as MVA General Manager Corporate Services before joining NBFIRA as deputy CEO.
This publication can also reveal that other shortlisted candidates include two former female CEOs in the financial industry.

Tlhagwane is expected to go through the regulatory vetting process which includes his relevance of experience per curriculum vitae and clearance for known offences by law enforcement agents. The vetting process also considers relevant information about character and trust.

Last year Cabinet rejected calls by the Board of Directors to renew the contract of the Chief Executive of Motor Vehicle Accident Fund, Cross Kgosidiile. The Board was also supported by the Ministry of Finance under which MVA falls. Initially Kgosidiile was told his contract would terminate end of October 2015, but a late minute intervention by some board members requesting cabinet to give him a reprieve saw him being given an additional two more months. Cabinet was divided on Kgosidiile, after the line ministry recommended that his contract be renewed as he was the best performing CEO in the entire portfolio of parastatals under the Ministry of Finance. He left the parastatal in December 2015.

MVA Fund Corporate Communications Manager Thabo Morotsi said MVA Board Chairman Freddy Modise was not in town to respond to the media enquiry at the time it was sent.
“Please note that the Board Chair is not in Gaborone currently, we will however deliver the letter to him. This therefore means that we won’t be able to respond as requested,” Morotsi stated.

Prior to Kgosidiile’s appointment s CEO, Reginah Sikalesele-Vaka held the fort as MVA Fund CEO. During her tenure, she successfully established MVA as an exemplary business model and grew its asset base tenfold from U$$ 10 million to U$$110 million in six years, positioning it as a regional model.

 

RELATED STORIES

Read this week's paper