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LUSAKA - ZCCM Investments Holdings PLC (ZCCM-IH), a company listed on the Lusaka Securities Exchange (LuSE), has announced a change in its executive leadership. The company has parted ways with its Chief Executive Officer, Dr. Ndoba J. Vibetti, effective April 30, 2025, after a mutual agreement.
The Board of Directors expressed appreciation for Dr. Vibetti’s contributions since his appointment on February 1, 2023, and wished him success in his future endeavors. In a subsequent move, the Board has appointed Mr. Tisa Chama, previously the Chief Technical Officer of ZCCM-IH, as the Acting Chief Executive Officer with immediate effect as of the announcement date.
Mr. Chama is an experienced Mining Engineer with over 25 years in the mining sector, having held various technical, operational, and managerial positions. His career spans multiple countries in Africa, including Zambia, Namibia, East Africa, and West Africa, with roles in notable mining companies such as ZCCM, KCM, Rio Tinto (NYSE:RIO), AngloGold Ashanti, and Barrick.
Prior to joining ZCCM-IH in November 2020, Eng. Chama was the Senior Principal Mining Engineer for AngloGold Ashanti’s Africa Region. His consultancy work has covered project development from concept to feasibility stages in commodities ranging from copper and cobalt to uranium and gold.
Eng. Chama holds a Bachelor of Mineral Sciences in Mining Engineering from the University of Zambia and an MBA from the University of the Free State in South Africa. He is a Registered Engineer with the Engineering Institution of Zambia and a member of the Southern African Institute of Mining and Metallurgy.
The Board has congratulated Mr. Chama on his new role and has pledged its full support as he takes on the responsibilities of Acting CEO. Investors and shareholders have been made aware of these developments, which may be price-sensitive, and are advised to seek professional advice as necessary.
This executive transition was announced on May 2, 2025, and follows the guidelines of the LuSE. The information is based on a press release statement from ZCCM-IH.
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