Paradise Company Limited Board Chairman, Anthony Smare, made the announcement this week stating that Penrose is an experienced Papua New Guinean business leader.
Penrose becomes the first Papua New Guinean CEO of the 90-year old company, PNG’s oldest food manufacturing business.
“After an extensive, objective and diligent international CEO search process, I am pleased to announce the appointment of Michael Penrose as Group CEO for Paradise Company Limited. He was selected on merit as the best candidate by the board and the HR search firm that was used.
