Mashonaland Holdings Managing director resigns

**Mashonaland Holdings Ltd Acting MD, Kudakwashe Musundire**

Audrey Galawu

ASSISTANT EDITOR

Mashonaland Holdings Limited has announced the appointment of Kudakwashe Musundire as the Acting Managing Director of Mashonaland Holdings following the resignation of Gibson Mapfidza.

The resignation is with effect from April 30, 2024.

Mapfidza served as Managing Director of the company for six years from 2018.

He provided the company with strategic leadership and immensely contributed to its turnaround and growth over the last six years.

“In line with the requirements of the Zimbabwe Stock Exchange Listing Rules [S.1 134 of 2019] shareholders are hereby advised of the following changes to the Executive Management of Mashonaland Holdings Limited (the Company/MHL).

“The company extends its gratitude to Gibson for his invaluable service and wishes him all the best in his future endeavours.

“The Board is further pleased to announce the appointment of Mr Kudakwashe Musundire as the Acting Managing Director of the company with effect from 30 April, 2024,” MHL said.

Kudakwashe is the current Chief Finance Officer of the company and has worked for MHL since 2020.

He is a qualified Chartered Accountant with 15 years’ experience in financial management and auditing in various industries which have included telecommunications, financial services, manufacturing and retail.

Musundire holds a Bachelor of Commerce (Honours) Degree in Accounting from the National University of Science and Technology as well as an Honours Bachelor of Accounting Science from the University of South Africa.

He completed his articles training with BDO Zimbabwe Chartered Accountants.

MHL has said the formal recruitment process for the appointment of a substantive Managing Director is commencing soon and an announcement will be made in due course.