Zambeef Products PLC Appointments of Non-Executive Director and CFO (3231L)
05 Settembre 2019 - 8:08AM
UK Regulatory
TIDMZAM
RNS Number : 3231L
Zambeef Products PLC
05 September 2019
5 September 2019
Zambeef Products plc
("Zambeef" or the "Group")
Appointments of Non-Executive Director and Chief Financial
Officer
Zambeef (AIM: ZAM), the fully integrated food producer with
operations in Zambia, Nigeria and Ghana, announces the appointment
of Michael Mundashi as an Independent Non-Executive Director and
Faith Mukutu as Chief Financial Officer and Executive Director,
with immediate effect.
Mr Michael Mundashi is a lawyer by profession having graduated
from the University of Zambia with a Bachelor of Laws degree in
1984. Mr Mundashi has over 30 years post qualifying experience in
both the private and public sector. In 2009, he was honoured with
the rank of State Counsel, a recognition by the profession on
account of his distinguished career at the Zambian Bar. Mr Mundashi
is still in practice and is the Managing Partner at Mulenga
Mundashi Legal Practitioners, a firm he co-founded in 1999 after
leaving the public sector.
Ms Faith Mukutu has held a number of senior finance and
operational roles, most recently serving as Financial Director of
Zambia Sugar plc where she was instrumental in implementing the
Illova Finance transformation programme. This programme aimed to
drive greater business insight and support the business in making
sound commercial designs by allowing for a value adding finance
function. Prior to this Ms Mukutu was Finance Director of Zambian
Breweries PLC, a division of SABMiller Group plc. Ms Mukutu is an
Associate Member of the Zambia Institute of Chartered Accountants
and a Fellow of the UK's Association of Chartered Certified
Accountants.
Zambeef Chairman, Dr Jacob Mwanza, commented:
"I am delighted to welcome Michael to the Board as an
Independent Non-Executive Director. He brings experience from one
of the largest banks and life assurance companies in Zambia, and
will be of significant value to the Board and Company. I look
forward to working with Michael over the period ahead."
"In addition, I'm delighted to announce the appointment of Faith
as the Company's new CFO and member of the Board. As the former
Finance Director of three LuSE listed companies and with
significant experience in the food and Beverage sector, she will be
a highly valuable asset to the team."
Further information on Michael Mundashi and Faith Mukutu as
required in accordance with Schedule 2 (g) of the AIM Rules for
Companies:
Michael Musonda Mundashi, aged 60
Current Directorships Past Directorships (last 5 years)
British American Tobacco Zambia Standard Chartered Bank Zambia
PLC Plc
----------------------------------
Sanlam Life Assurance Zambia
Limited
----------------------------------
Nico Insurance Zambia Limited
----------------------------------
Lusaka Trust Hospital Ltd
----------------------------------
Bond & Derivatives Exchange
Zambia PLC
----------------------------------
Numulundu Investments Limited
----------------------------------
Faith Misozi Mukutu, aged 38
Current Directorships Past Directorships (last 5 years)
Bayport Financial Services Ltd Zambian Breweries PLC
----------------------------------
National Breweries PLC Maluti Mountain Brewery (Pty)
Ltd
----------------------------------
Heinrich's Syndicate Ltd
----------------------------------
Zambia Sugar PLC
----------------------------------
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules for Companies.
For more information, please visit www.zambeefplc.com or
contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Walter Roodt, Chief Executive Officer
designate
Strand Hanson Limited Tel: +44 (0) 20 7409
James Spinney 3494
Ritchie Balmer
Eric Allan
Finncap Tel: +44 (0) 20 7220
Camille Gochez 0500
Powerscourt Tel: +44 (0)20 7250
Nick Dibden 1446
Bethany Johannsen
Pangaea Securities Tel: +260 (0) 211 220
Wendy Tembo 707
Notes to Editors
The Zambeef Group is one of the largest integrated cold chain
food producers in Zambia, involved in the production, processing,
distribution and retailing of beef, chicken, pork, milk, eggs,
dairy products, fish, flour and stock feed. The Group also has
large cereal row cropping operations (principally maize, soya beans
and wheat), with approximately 7,971 hectares of row crops under
irrigation, which are planted twice a year and a further 8,623
hectares of rain-fed/dry-land crops available for planting each
year.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
- Ends -
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAGLGDCXGGBGCU
(END) Dow Jones Newswires
September 05, 2019 02:08 ET (06:08 GMT)
Grafico Azioni Zambeef Products (LSE:ZAM)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Zambeef Products (LSE:ZAM)
Storico
Da Apr 2023 a Apr 2024
