DIVERSIFIED farm and mine implements manufacturer and distributor, Zimplow Holdings Limited chief executive officer Vimbayi Nyakudya has resigned with effect from April 1, 2024, NewsDay Business can report.<\/p>\n
The resignation comes after the group announced in November 2023 that it was embarking on an expansion strategy to strengthen its foothold in the mining and infrastructure sectors.<\/p>\n
\u201cThe board of directors of Zimplow Holdings Limited hereby announces the following changes to the group\u2019s executive management team; the resignation of Vimbayi Nyakudya as the group chief executive officer of Zimplow Holdings Limited with effect from April 1, 2024,\u201d Zimplow said in a statement yesterday.<\/p>\n
\u201cThe board wishes to convey its gratitude to him for his service to the group over the past eight years. We wish him well in his future endeavours. Further, the board wishes to advise the following; the appointment of Willem Swan as the acting group chief executive officer.\u201d<\/p>\n
Swan is a sales and marketing practitioner, with 36 years of working experience in the fast-moving consumer goods, steelworks and engineering distributorship sectors.<\/p>\n
\u201cPrior to his appointment as the group chief operating o\u00adfficer, he was the executive head for Zimplow Holdings Limited\u2019s mining and infrastructure cluster. The board of directors wishes Willem Swan the best in the above-mentioned role,\u201d the company said. Swan assumed the role as Zimplow revealed in its last trading update in November 2023 that liquidity continued to be a strain on the business, especially in the third quarter of last year.<\/p>\n
This resulted in delays in major capital funding transactions.<\/p>\n
Zimplow has delayed releasing its full year financial statement ended December 31, 2023 owing to it changing its functional currency to US dollars from local currency.
\nhttps:\/\/www.newsday.co.zw\/business\/article\/200026005\/zimplow-ceo-resigns<\/p>\n","protected":false},"excerpt":{"rendered":"
DIVERSIFIED farm and mine implements manufacturer and distributor, Zimplow Holdings Limited chief executive officer Vimbayi Nyakudya has resigned with effect from April 1, 2024, NewsDay Business can report. The resignation comes after the group announced in November 2023 that it was embarking on an expansion strategy to strengthen its foothold in the mining and infrastructure […]<\/p>\n","protected":false},"author":1,"featured_media":2728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-updates"],"_links":{"self":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2957"}],"version-history":[{"count":1,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2957\/revisions"}],"predecessor-version":[{"id":2958,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2957\/revisions\/2958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/media\/2728"}],"wp:attachment":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}