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LUSAKA - ZCCM Investments Holdings Plc (ZCCM-IH) has appointed Mr. Phesto Musonda as Non-Executive Director and Chairperson of its Board, effective June 9, 2025, according to a company announcement.
Musonda, appointed by majority shareholder Industrial Development Corporation (IDC), brings over 30 years of experience in Zambia’s construction and mining industries. He currently serves as Chairman and CEO of Phoenix Materials Ltd and Sub Sahara Gemstone Exchange Industrial Park Ltd.
His extensive leadership background includes positions as Vice Chairman of the National Roads Fund Agency and National Council for Construction, President of the Association of Building and Civil Engineering Contractors, and Chairman of the Zambia International Trade Fair.
Musonda holds an MBA specializing in Total (EPA:TTEF) Quality Management from the University of South Wales and a construction degree from Copperbelt University.
The Board expressed confidence that under Musonda’s guidance, ZCCM-IH will effectively pursue its strategic objectives and create sustainable value for stakeholders.
ZCCM-IH is listed on the Lusaka Securities Exchange under the ticker ZCCM-IH.
The announcement was made in accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, based on a press release statement issued by the company.
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