REG - Zambeef Products PLC - Board Changes

Zambeef ProductsAnnouncement

05/02/2019 13:40

RNS Number : 1497P
Zambeef Products PLC
05 February 2019
 


                                                                                                                                                        5 February 2019
Zambeef Products plc
("Zambeef" or the "Group")
 
Board Changes
 
Zambeef (AIM: ZAM), the fully integrated food producer with operations in Zambia, Nigeria and Ghana, announces the resignation of Yusuf Koya as an Executive Director/Board Member of Zambeef Products PLC and all Group Companies, effective from 4 February 2019.
 
Yusuf joined Zambeef as Group General Manager in May 2005. In June 2006, he was appointed a Board Director/Member of Zambeef. 
 
The Board has greatly appreciated the experience and support he has contributed to the growth and development of the Company. In addition to overseeing the stock exchange listing in London, he was instrumental in successfully implementing a significant number of corporate actions/transactions as well as successfully raising debt finance of over USD100 million over the last 14 years, resulting in the Company becoming one of the largest agri-businesses in Zambia and the surrounding region.
 
Yusuf will continue to remain a senior employee/manager in the Company.
 
We are also pleased to announce our intention, subject to the completion of various regulatory processes, to appoint Walter Roodt to the Board of Zambeef.
 
Walter is currently employed as Deputy Managing Director and he is designated as the future CEO once the incumbent (Francis Grogan) retires at the end of the year
 
Zambeef Chairman, Dr Jacob Mwanza, commented:
"Yusuf Koya has been a valued colleague for many years. I would like to thank him for the tremendous contribution that he has made to Zambeef since he joined the Company almost 14 years ago. Yusuf has played and continues to play a valuable role in supporting the growth of Zambeef through his vast knowledge and experience of banking and corporate finance."
 
For more information, please visit www.zambeefplc.com or contact:
 



Zambeef Products plc
Francis Grogan, Chief Executive Officer
 


Tel:  +260 (0) 211 369003




Strand Hanson Limited      
James Spinney
Ritchie Balmer
 


Tel: +44 (0) 20 7409 3494




Finncap
Christopher Raggett
Emily Morris
 


Tel: +44 (0) 20 7220 0500




Powerscourt
Nick Dibden
Jana Tsiligiannis
 


Tel: +44 (0)20 7250 1446




Pangaea Securities
Wendy Tembo


Tel: +260 (0) 211 220 707



 
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