Khayah Cement appoints new CFO and Board member

Nyashadzashe Ndoro

Zimbabwe Stock Exchange-listed Khayah Cement Limited has announced the appointment of Chengetai Bernard Mudzimuirema as their Chief Finance Officer and member of the Board of Directors, effective April 1, 2024.

The company said Mudzimuirema is a seasoned professional with over 30 years of experience in finance, management, leadership, and project management across various industries.

Mudzimuirema has vast knowledge from his work in manufacturing, processing, consumer goods, agribusiness, fast-moving consumer goods, and corporate services. He has held leadership positions in some of Zimbabwe’s most prominent private and listed companies, including multinationals.

The group said, throughout his career, Mudzimuirema has played a key role in implementing innovative financial controls, driving profitability and operational improvements, and leading strategic initiatives and business turnarounds.

“He also has extensive experience in corporate finance, including offshore debt sourcing, equity funding, company listings and delistings, mergers and acquisitions, and strategic partnerships. Additionally, he has experience working as a management consultant.”

Mudzimuirema holds a Chartered Management Accountant designation, an MBA from Nottingham Trent University (UK), and has completed several management and development programs. He previously served as a director for AICO Africa Limited (now Cottco Holdings Limited), The Cotton Company of Zimbabwe, Seed Co Limited and Seed Co Zambia, Olivine Holdings and Olivine Industries, Zimboard (now Manica Boards and Doors), and others.

The Board of Directors, Management, and Staff of Khayah Cement congratulated Mudzimuirema on his appointment and wished him success in his new role.

The announcement also noted the expiration of Willcort Dzuda’s term as Director and Chief Finance Officer, effective March 31, 2024. Dzuda previously served as Acting Chief Finance Officer and Board Member since December 1, 2022, before being appointed substantive CFO for a one-year term that concluded on March 31, 2024.

The company expressed their gratitude to Dzuda for his valuable contributions and wished him well in his future endeavours.