I’ve not been given handing over notes yet; my predecessor is in the UK – PBC Managing Director

New PBC Managing Director Yet to Receive Handing Over Notes as Predecessor Remains Abroad

The newly appointed Managing Director of Produce Buying Company (PBC) Ltd has revealed that he is yet to receive official handing over notes from his predecessor, who is currently in the United Kingdom. The situation has raised concerns about operational continuity at one of Ghana’s key cocoa-sector institutions.

Speaking during an interaction with stakeholders and the media, the new MD emphasized the importance of a structured and detailed transition process, especially given the sensitive and strategic nature of PBC’s role in the cocoa supply chain.

“As it stands, I have not been handed any formal transition or briefing documents. My predecessor is presently in the UK, and this has understandably delayed the process. However, I am committed to ensuring that PBC continues to operate efficiently as we navigate this transition,” he stated.

The lack of a formal handover has sparked debate among corporate governance observers, some of whom argue that such lapses can hinder strategic planning and disrupt business continuity.

PBC Ltd, a publicly listed company, plays a pivotal role in Ghana’s cocoa industry, buying and transporting cocoa beans from farmers across the country. In recent years, it has faced significant operational and financial challenges, making the current transition in leadership a critical moment in the company’s recovery and repositioning.

Despite the absence of formal briefing documents, the new MD said he has already begun familiarizing himself with internal operations and engaging senior staff for situational insights.

“We are reviewing current operations, meeting with key departments, and mapping out immediate priorities to stabilize operations and regain market confidence,” he added.

Observers are calling for strengthened institutional mechanisms to ensure smoother transitions in future leadership changes, especially within state-affiliated corporations that play strategic national roles.

As the PBC board and management work to address the matter, stakeholders will be keenly watching the new MD’s next steps in steering the company through its next phase.