ZIMBABWE – Seed Co Zimbabwe, a leading producer and marketer of certified seeds has appointed Dr Edworks Mhandu as its new Managing Director with effect from October 1.
He takes over from Mr Denias Zaranyika who starts a three months leave with effect from October 1 pending his retirement from the group on 31st December 2020.
Mr. Zaranyika has served the company for 21 years, since joining the group in 1999 as Marketing Manager and rose to Managing Director and Cluster Head, Southern Cluster.
“We would like to thank Mr Zaranyika for his sterling contribution during the period he has served the group. In his period, he has built some very cohesive and focused teams in his terrirory of responsibility and has ensured the business remains profitable at all times,” the company stated.
Before the appointment of Dr Mhandu to the helm of the company, he was deputy MD for Seed Co Zimbabwe since February.
Dr Mhandu has been with Seed Co for over 30 years occupying various senior roles. He was Executive Director and MD for Seed Co’s cotton seed company, Quton.
Dr Mhandu holds a Doctorate in Business Administration from Nottingham Trent University.
He will also head the Southern cluster which covers Zimbabwe, Zambia and Mozambique, the company said in a notice.
“We would like to thank Mr Zaranyika for his sterling contribution during the period he has served the group. In his period, he has built some very cohesive and focused teams in his terrirory of responsibility and has ensured the business remains profitable at all times.”Seed Co Zimbabwe
The company’s parent company, Seed Co International (SCIL), is seeking to merger with its Zimbabwean operations, as it plans to transfer its Zimbabwe Stock Exchange Secondary Listing to the soon to be established Victoria Falls Stock Exchange (VFEX).
The two entities are currently listed separately on the ZSE while SeedCo International is also listed on the Botswana Stock Exchange.
According to SCIL, the move to transfer it shares from ZSE to VFEX has been triggered by the Ministry of Finance and Economic Development of the Republic of Zimbabwe undertaking investigations relating to alleged participation in parallel foreign currency market activities by dual-listed companies in Zimbabwe.
The merger of the two entities which is subject to regulatory approval, is said to make the VFEX secondary listing of Seed Co International Limited competitive and comparable to other Zimbabwean dual-listed counters.
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