Credit Corp appoints Sir Mel to post

SIR Mel Togolo has been appointed as a non-executive director for Credit Corporation (PNG) Ltd, effective Oct 29.
Credit Corporation said, in a statement, that Sir Mel was well respected in the country’s business community with over 40 years of experience at the senior management level in the public and private sectors, having worked and led the Bougainville provincial government and various companies in the private sector both in PNG and overseas.
“He was a founding member of the Business Council of PNG, a leading private sector organisation and was vice-president and then president for six years,” it said.
“Sir Mel brings significant leadership experience across a wide range of businesses, including strong background and experience across the superannuation industry, banking and finance, the hotel industry and hotel property development and familiarity with the fast-moving consumer goods sector.
“He was appointed the first general manager of the Mineral Resources Development Company (MRDC) and was instrumental in escalating MRDC’s image as a company that had the potential to be a significant participant in the extractive industry on behalf of landowners.”