Vene appointed PNG National Development Bank boss

 Papua New Guinea KUMUL Consolidated Holdings has appointed longtime staffer Vicky Vene as the acting chief executive officer for the National Development Bank (NDB).

KCH managing director Prof David Kavanamur said Vene, who has 15 years of experience in senior management, was considered the best candidate to steer the NDB.

“From a shareholder’s perspective, we are proud and look forward to greater partnerships ahead under your leadership,” he said.

Kavanamur said the appointment of a woman in a leadership role in one of its state owned enterprises was aligned to KCH’s target in achieving 30 per cent female representation on boards and senior management roles across the country’s SOEs by 2025. NDB chairman Darrell Seeto said Vene was a team player, which was vital for organisational growth.

“For her to say she would work with KCH during her tenure as NDB acting CEO, speaks volumes about Vene’s quality as a team player,” he said.

Vene said as a woman, it was challenging and also humbling to lead an organisation that had been in operation since 1967.

“It’s a blessing for me in my career and I hope my appointment inspires other women in the country to be committed in taking on leadership roles,” she said.

Vene’s achievement highlights KCH’s commitment to fostering diversity and inclusivity which is enshrined in the organisation’s strategic policy.

Seeto said the appointment reflected KCH’s aim to remove barriers and elevate professional women to top management positions.

The National/PacificBusiness News

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