Zambeef Products names new Non-Executive Directors in company’s Board

ZAMBIA – Zambeef Product Plc, the integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, has announced the appointment of Katebe Monica Musonda, Pearson Gowero and Roman Frenkel to the company Board as Non-Executive Directors with immediate effect.

The appointees replace Margaret Kunda Chalwe-Mudenda, Professor Enala Lyson Tembo-Mwase and John Rabb, who resigned and stepped down from the decision making and policy formulating committee effective 5th March 2021.

Monica Musonda who will be the Chair of the Remuneration Committee, is an accomplished business executive with considerable leadership expertise, having served in a number of boards of different companies in Zambia.

She is CEO and Founder of Java Foods, a Zambian based food processing company producing one of the country’s leading quick meal brands known as eeZee.

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The Lawyer turned entrepreneur is a dual-qualified English solicitor and Zambian advocate with over 15 years post qualification experience.

She has held senior positions in private practice with Clifford Chance & Edward Nathan as well as worked as in-house corporate counsel at International Finance Corporation and for the Dangote Group.

The appointees will work alongside Non-Executive Chairman Michael Mundashi, CEO Walter Roodt, CFO Faith Mukutu, and other Non-Executive Directors Jonathan Kirby, Yollard Kachinda and Roman Frenkel

Ms Musonda currently serves as a non-executive director on the Board of Airtel Networks Zambia PLC and Zambian Breweries PLC (amongst others) and sits on the Global Advisory Board for Scaling Up Nutrition Business Network.

She was appointed by the UN Secretary General to be a member of the Lead Group on Scaling Up Nutrition Movement.

Underscoring her achievements, she received the African Agribusiness Entrepreneur of the Year award in 2017.

Ms Musonda is a 2013 Young Global Leader (World Economic Forum) and Archbishop Desmond Tutu Leadership Fellow.

Meanwhile, Mr Gowero who will be the Chair of the Environmental and Social Committee, is currently the Chief Executive of Delta Corporation Limited, a leading beverages company in Zimbabwe.

He joined Delta in 1997 as Marketing Director of the then Chibuku Breweries Division and becoming the unit Managing Director in 2001.

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He has held various senior positions in the beverages business and became Executive Director Operations in 2003.

He spent five years on secondment to the SABMiller Group from 2006 to 2011 where he was the Managing Director of Zambian Breweries Group.

Prior to joining Delta, he had worked in the clothing retail industry. Mr Gowero holds a BSc (Hons) degree in Economics and an MBL.

The third newly appointed board member, Mr Frenkel is currently Director of Direct Private Equity focusing on Food & Agriculture at CDC Group Plc, London.

Prior to this, Roman spent nine years between 2009 and 2018 at Ethemba Capital LLP, Emerging Markets Private Equity Fund, London, as Investment Director.

Mr Frenkel has also spent time at Merrill Lynch CEEMEA Investment Banking, London, as well as KPMG, Transaction Services and Audit, London.

The three will be working together with the Non-Executive Chairman Michael Mundashi, Zambeef Chief Executive Officer Walter Roodt, Chief Financial Officer Faith Mukutu, Non-Executive Director and Chair of the Audit and Risk Committee Jonathan Kirby and other Non-Executive Directors Yollard Kachinda and Roman Frenkel.

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