Zambeef Products appoints Michael Mundashi to its Board as Independent Director alongside Faith Mukutu as CFO

– ZAMBIA, Lusaka –  Zambeef Products PLC (LON: ZAM), the fully integrated food producer with operations in Zambia, Nigeria and Ghana, today announced the appointment of Michael Mundashi as an Independent Non-Executive Director and Faith Mukutu as CFO and Executive Director, with immediate effect.

Zambeef Chairman, Dr Jacob Mwanza, commented: “I am delighted to welcome Michael to the Board as an Independent Non-Executive Director. He brings experience from one of the largest banks and life assurance companies in Zambia, and will be of significant value to the Board and Company. I look forward to working with Michael over the period ahead.”

“In addition, I’m delighted to announce the appointment of Faith as the Company’s new CFO and member of the Board. As the former Finance Director of three LuSE listed companies and with significant experience in the food and Beverage sector, she will be a highly valuable asset to the team.”

About Michael Mundashi

Mr Michael Mundashi is a lawyer by profession having graduated from the University of Zambia with a Bachelor of Laws degree in 1984. Mr Mundashi has over 30 years post qualifying experience in both the private and public sector. In 2009, he was honoured with the rank of State Counsel, a recognition by the profession on account of his distinguished career at the Zambian Bar. Mr Mundashi is still in practice and is the Managing Partner at Mulenga Mundashi Legal Practitioners, a firm he co-founded in 1999 after leaving the public sector.

About Faith Mukutu

Ms Faith Mukutu has held a number of senior finance and operational roles, most recently serving as Financial Director of Zambia Sugar plc where she was instrumental in implementing the Illova Finance transformation programme. This programme aimed to drive greater business insight and support the business in making sound commercial designs by allowing for a value-adding finance function. Prior to this Ms Mukutu was Finance Director of Zambian Breweries PLC, a division of SABMiller Group plc. Ms Mukutu is an Associate Member of the Zambia Institute of Chartered Accountants and a Fellow of the UK’s Association of Chartered Certified Accountants.

About Zambeef Products PLC

The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations, with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year.

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