Zambeef Products PLC Directorate Change (2007H)
November 23 2022 - 2:44AM
UK Regulatory
TIDMZAM
RNS Number : 2007H
Zambeef Products PLC
22 November 2022
Zambeef Products plc
("Zambeef", the "Company" or the "Group")
CHANGE IN DIRECTORATE
Z ambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business with operations in Zambia, Nigeria and Ghana,
announces the appointment of Mr. M'boo (John) Mumba as Chief
Financial Officer (CFO) of the Company, effective 1 December 2022.
It is also intended that M'boo will become a Director of Zambeef
and join the Board subject to the satisfactory completion of the
required AIM regulatory due diligence.
M'boo takes on the role, following the promotion of Faith
Mukutu, to Chief Executive Officer (CEO) on 1 July 2022
M'boo joined the Zambeef Group in May 2020 as Project Manager
before he took up the role of Group Head of Treasury and
Administration. He has brought to the Company skills which combine
industry, financial and banking experience of more than 16 years.
He worked as CFO for Wild Life Conservation Society, before joining
Standard Chartered Bank Zambia Plc where his last portfolio was at
Director level in corporate banking. M'boo holds a Bachelor of
Accounting degree and is an ACCA professional.
For further information, please visit www.zambeefplc.com or
contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Faith Mukutu, Chief Executive Officer
Mulwanda Sichula, Acting Chief Financial Officer
finnCap (Nominated Adviser and Broker) Tel: +44 (0) 20 7220 0500
Ed Frisby/Abigail Kelly (Corporate Finance)
Tim Redfern/Barney Hayward (ECM)
Autus Securities Limited (Sponsoring Broker) Tel: +260 (0) 761 002 002
Mataka Nkhoma (Broker)
Notes to Editors
Zambeef Products plc is the largest integrated cold chain food
products and agribusiness company in Zambia and one of the largest
in the region, involved in the primary production, processing,
distribution and retailing of beef, chicken, pork, milk, dairy
products, fish, flour and stockfeed, throughout Zambia and the
surrounding region, as well as Nigeria and Ghana.
It has 236 retail outlets throughout Zambia and West Africa.
The Company is one of the largest suppliers of beef in Zambia.
Five beef abattoirs and three feedlots are located throughout
Zambia, with a capacity to slaughter 230,000 cattle a year. It is
also one of the largest chicken producers in Zambia, with a
capacity of 8.8m broilers and 22.4-day million day-old chicks a
year. It is one of the largest piggeries, pig abattoirs and pork
processing plants in Zambia, with a capacity to slaughter 75,000
pigs a year, while its dairy has a capacity of 120,000 litres per
day.
The Group is also one of the largest cereal row cropping
operations in Zambia, with approximately 7,787 hectares of row
crops under irrigation, which are planted twice a year, and a
further 8,694 hectares of rainfed/dry-land crops available for
planting each year.
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END
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