Zambeef nominates Walter Roodt for election to its Board of Directors as CEO designate

– ZAMBIA, Lusaka –  Zambeef Products PLC (LON: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, and announced that, subject to the completion of various regulatory processes, the company intends to appoint Walter Roodt to its Board of Directors.

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.”

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.

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