Nyakudya leaves Zimplow Holdings Limited

24 Apr, 2024 - 00:04 0 Views
Nyakudya leaves Zimplow Holdings Limited

eBusiness Weekly

Business Writer

Agriculture and mining implements supplier, Zimplow Holdings Limited, has announced changes to its executive management team with the appointment of Willem Swan as the acting group chief executive officer (CEO) following the resignation of Vimbayi Nyakudya.

Swan currently serves as Zimplow’s chief operating officer (GCOO).

A seasoned professional with 36 years of experience in the fast-moving consumer goods (FMCG), steelworks and engineering distribution sectors, Swan led Zimplow’s mining and infrastructure cluster prior to his GCOO role.

“The board of directors wishes Mr Willem Swan the best in the above-mentioned role,” said company secretary Sharon Manangazira.

The new appointment follows the resignation of Nyakudya effective April 01, 2024.

The group expressed gratitude to Nyakudya who has been instrumental in Zimplow’s restructuring exercise, which saw the group’s subsidiary Barzem discontinue its CAT dealership effective September 30, 2022.

During his eight years at the helm of the company, Nyakudya led other projects like setting up a new structure for heavy equipment and earth-movers, transitioning from Barzem to Tractive Power Solutions (TPS).

The group also successfully migrated from the main bourse, the Zimbabwe Stock Exchange (ZSE) to the US dollar denominated exchange – the Victoria Falls Stock Exchange last year in a move that was meant to unlock shareholder value and help the company raise capital in foreign currency for its expansion initiatives as well as raise its regional profile.

“The board wishes to convey its gratitude to him for his service to the group over the past eight years. We wish him well in his future endeavours,” said Manangazira.

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