Zambeef Products PLC Directorate Change (5419C)
18 April 2017 - 4:00PM
UK Regulatory
TIDMZAM
RNS Number : 5419C
Zambeef Products PLC
18 April 2017
18th April 2017
Zambeef Products plc
("Zambeef" or the "Company")
Directorate Changes
Zambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business with operations in Zambia, Nigeria and Ghana, today
announces Graham John Clark has stepped down as a Non-executive
Director with immediate effect in order to take up the full time
role of CEO of Fiji Sugar Corporation Ltd. The Company also
announces the appointment of three new non-executive directors to
broaden the depth of experience and diversity present on its Board
of Directors (the "Board"). Yollard Kachinda, Margaret Kunda
Chalwe-Mudenda and Enala Lyson Tembo-Mwase have been appointed to
the Company's Board with effect from 18th April 2017.
Yollard Kachinda is a Zambian national and is currently Director
General of the National Pension Scheme Authority ("NAPSA") which
holds 8.3 per cent of the Company's equity. As Director General, he
has the overall responsibility for, and oversight of, the day to
day running of the scheme, as mandated by the Board of Trustees.
Yollard studied Mathematics & Statistics at the University of
Zambia and has a Masters in Social Protection Financing from
Maastricht University.
Margaret Kunda Chalwe-Mudenda is a Zambian lawyer. Margaret
previously worked as a legal practitioner from 1996 to 2009, during
which time she was also employed by Zambia National Commercial Bank
Plc ("Zanaco"), a Zambian financial services company, as in-house
counsel between 1999 and 2004. Since 2010, she has been Director
General of Zambia Information and Communications Authority
("Zicta"), an information and communications technology ('ICT')
regulator which is under Zambian government supervision. She has a
Bachelor of Laws degree from the University of Zambia (UNZA), a
post graduate diploma in legislative drafting from the Zambia
Institute of Advanced Legal Educdation (ZIALE) and a Master of Law
degree (LLM) in Information Technology and Telecommunications (ITT)
Southampton University.
Enala Lyson Tembo-Mwase is a prominent Zambian academic. She is
an Associate Professor of Parasitology at the University of Zambia
where she served for 29 years. She is currently University of
Zambia's Deputy Vice Chancellor, and briefly served as the
university's acting Vice Chancellor from June 2015 to July 2016.
Enala has a Bachelor of Science degree in biological sciences from
the University of Zambia, a Master of Science (Medical
Parasitology) and Doctorate degree (Zoology-Entomology) from the
University of London.
Zambeef Chairman, Dr Jacob Mwanza, commented: "I would like to
thank Graham for his contribution to Zambeef since he was appointed
to the Board. Graham's extensive business experience has been
greatly appreciated. On behalf of everyone at Zambeef I would like
to wish him the very best in his new role. I also take this
opportunity to welcome the three new non-executive directors to the
Board of Zambeef. I believe they all bring highly relevant
experience and skills which will be of significant value in
supporting the growth of Zambeef at this exciting stage of
development."
Further information of Yollard Kachinda, Enara Lyson Tembo-Mwase
and Margaret Kunda Chalwe-Mudenda as required in accordance with
Schedule 2 (g) of the AIM Rules:
Yollard Kachinda, aged 53
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
---------------------------- -------------------------------------
NAPSA Lusaka Trust Hospital NAPSA registered pension
Staff Pension Scheme scheme: Tazama Staff Pension
Scheme
---------------------------- -------------------------------------
NAPSA registered pension
scheme: NAPSA Staff Pension
Scheme
---------------------------- -------------------------------------
NAPSA registered pension
scheme: ZSIC Limited (119680004688)
---------------------------- -------------------------------------
Enara Lyson Tembo-Mwase, aged 58
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
---------------------- -----------------------------
None None
---------------------- -----------------------------
Margaret Kunda Chalwe-Mudenda, aged 44
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
--------------------------- -----------------------------
Zicta National Road Fund Agency
('NRFA')
--------------------------- -----------------------------
Madison Financial Services African Grey Insurance
Plc Limited
--------------------------- -----------------------------
Medical Stores Limited Zambia Flying Doctors
Service
--------------------------- -----------------------------
MCK Legal Practitioners
--------------------------- -----------------------------
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Carl Irwin, Joint Chief Executive Officer
Francis Grogan, Joint Chief Executive Officer
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Frederick Twist
Finncap Tel: +44 (0) 20 7220 0500
Christopher Raggett
Emily Morris
Powerscourt Tel: +44 (0) 20 7250 1446
Nick Dibden
Nick Brown
Pangaea Securities Tel: +260 (0) 211 220 707
Ceaser Siwale
Wendy Tembo
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 ("MAR").
-Ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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