FOR IMMEDIATE RELEASE
WITH PICTURE
JUNE 29, 2022
FAITH MUKUTU NAMED AS NEW ZAMBEEF CEO
LUSAKA, ZAMBIA – Zambeef Products has appointed Faith Mukutu as its new Chief Executive Officer with effect from July 1, 2022.
Ms Mukutu (41) takes the top position as Zambia’s favourite integrated food producer and retailer enters a period of expansion that aims to support national and regional food security.
She becomes the first Zambian CEO in the 28-year history of Zambeef, which is listed on the Lusaka Securities Exchange and the Alternative Investment Market (AIM) of the London Stock Exchange.
Ms Mukutu replaces Walter Roodt, who will remain on the Zambeef Board in a strategic role overseeing the company’s US$100 million expansion plans that will see cropping at its Mpongwe farms double and a resulting knock-on effect on efficiency and production throughout its value chain.
“Zambeef is a home-grown world-class company that has set a new standard in food production and retailing, creating thousands of jobs and supporting our farmers throughout the country. I am thus immensely proud that the board has given me this opportunity to take the company to the next level,” said Ms Mukutu.
“It is a role I will approach with dedication and a sense of duty to build on the legacy of one of the nation’s flagship companies.”
An accountant by training, Ms Mukutu joined Zambeef in 2019 as Chief Financial Officer, having previously been Finance Director of three listed entities: Zambian Breweries Plc, National Breweries Plc. and Zambia Sugar Plc. The Appointment of a new Chief Financial Officer will be announced in due course.
“The Board is confident that Faith’s combination of financial aptitude, operational skill, strategic flair and capital markets experience is fundamental to delivering the strategic imperatives the company has embarked on,” said Board Chairman Michael Mundashi.
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About Zambeef Products Plc
Zambeef Products PLC (“Zambeef”) is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the Southern Africa region. Zambeef is quoted on both the Lusaka Securities Exchange and the AIM market of the London Stock Exchange.
It is involved in the primary production, processing, distribution and retailing of beef, chicken, pork, eggs, dairy, fish, flour, stock feed and day-old chicks throughout Zambia and the surrounding region. It operates 236 retail outlets in Zambia, Nigeria and Ghana.
Zambeef also has one of the largest row cropping operations in Zambia, growing maize, soybeans and wheat. Zambeef plants nearly 23,000 hectares annually, with most of the resulting crops being used in the Zambeef animal feed and flour milling businesses.
Zambeef employs 7,082 people.
More information is available at www.zambeefplc.com
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Gillian Langmead at Langmead & Baker Ltd
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