eBusiness Weekly
Business Writer
Two senior executives at Edgars Stores Limited, one of Zimbabwe’s premier clothing retail chains, have resigned.
The executives are: Tjeludo Ndlovu, the group chief executive officer and Happiness Vundla, the group chief finance officer.
All their resignations were effective October 31, 2023.
The board has also announced the appointment of Sevious Mushosho as the new group chief executive officer, effective November 1, 2023.
The reasons for the resignations of Ndlovu and Vundla have not been disclosed and no speculation is currently doing the rounds.
However, the company has stated that the resignations are not related to any financial or operational issues.
“It is with profound gratitude that the board thanks Tjeludo for her service to the group and wishes her well in her new challenge,” said the group.
“Happiness took responsibility of the finance department in 2021. Her contribution to the group for the short period of time she was on the board is greatly appreciated.”
Mushosho is a chartered accountant with over 20 years of multinational experience in cross-functional management, financial management, audit, insurance, banking, retail and distribution.
He has worked at executive level in various companies in Zimbabwe, Zambia, Malawi and Mauritius, including Sub Sahara Capital Group, Distribution Group Africa, AfriAsia Holdings limited and Innscor Africa among others.
Mushosho has been on the board since July 2022 as a non – executive director and from May 2023 as the group chief operating officer.
The board also announced the appointment of Peter Mnyama as executive director – retail chains with effect from 1 November 2023.
A career fashion retailer with over 25 years’ experience, Mnyama joined the group as merchandise trainee in 1998.
He rose to become group merchandise controller in 2004 and later, express merchandise executive.
He later moved to Edcon in South Africa in 2008 and returned to Zimbabwe as the marketing and sales executive for Carousel Private Limited in 2013, a role he kept until 2016 when he became merchandise executive for the Jet Chain.
In 2020, he became the Jet Chain Managing Director and then moved to become Edgars chain managing director in 2022.
The board also announced the appointment of Mark Robb as non- executive director with effect from November 1 2023.
Robb is a skilled IT professional with over 22 years’ multinational experience across Fintech, Banking, Fast Moving Consumer Goods, media, manufacturing and agricultural sectors.
