Ndeunyema will remain interim MD at Namcor

Niël Terblanché

Shiwana Ndeunyema will remain as the Acting Managing Director of the National Petroleum Corporation of Namibia while the board continues negotiations with Lionel Matthews, who was supposed to take over this week.

According to a statement issued by Namcor, Ndeunyema, the company’s Business Strategy Executive, will continue to oversee the day-to-day operations of the company while acting as Managing Director.

In the statement, Namcor also confirmed that Lionel Matthews and the board are still in discussions regarding this assignment because no formal offer has been extended to him yet.

“Namcor understands the importance of keeping its stakeholders and the public informed about ongoing developments, particularly with regard to the recruitment process for this crucial role. The Board and Executive Management remain committed to the long-term growth and success of the company, and we appreciate the ongoing support of our stakeholders,” the statement reads.

The statement follows the recent suspension of Immanuel Mulunga from his position as Managing Director.

According to the statement, the Namcor Board will continue to provide regular updates about the issue as the situation evolves.

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