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LUSAKA - ZCCM Investments Holdings PLC (LuSE:ZCCM-IH), a company incorporated in the Republic of Zambia, has announced significant changes in its leadership structure. Mr. Kakenenwa Muyangwa, who retired as a Non-Executive Director and Chairperson of the ZCCM-IH Board on Sunday, has been appointed as the new Chief Executive Officer, effective Monday.
Mr. Muyangwa brings over three decades of diverse experience in the business sector, including roles in business strategy, corporate management, and metals trading. His extensive background includes serving on various boards, consulting for the African Development Bank, and holding senior positions at multinational organizations such as Konkola Copper Mines and Barclays (LON:BARC) Bank of Zambia.
The Board has expressed its full confidence in Mr. Muyangwa’s capabilities to steer the company towards achieving its strategic objectives. The Board also acknowledged the contributions of Mr. Tisa Chama, who served as the acting Chief Executive Officer until Mr. Muyangwa’s appointment.
In the interim, Mr. Mubita Akapelwa, the Vice Chairperson, will take on the role of acting Chairperson of the Board.
The announcement, approved by the Lusaka Securities Exchange, the Securities and Exchange Commission of Zambia, and ZCCM-IH, is considered price-sensitive information. Investors are advised to consult with licensed professionals for securities advice.
This leadership transition is expected to guide ZCCM-IH, a notable player in the Zambian investment market, as it continues to pursue growth and development in its operations.
The information in this article is based on a press release statement issued by ZCCM Investments Holdings PLC.
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