Puma Energy Zambia Board announces Charmetant departure
Energy, Puma Energy (Z) Plc

Oil marketing company Puma Energy Zambia Plc has announced the resignation of Gregoire Charmetant as a director on the board, according to a statement from the company.

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Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Gregoire Charmetant as a Director of the Board effective 20th November 2019”, read a statement issued by Kalunga Lutato, the Company Secretary on behalf of the board on 22nd November 2019.

With four months to go before the Zambian Puma outfits financial year closes, Gregoire exits the board following a strong 2018 financial performance that also so the company invest in capital intensive projects that were targeted at expanding its retail reach.

For the year ended 31 December 2018 the Company recorded a profit after tax of K115.13 million compared to K54.31 million recorded in the previous financial year”, according to the company’s SENS announcement published 7 March 2019 prior to Gregoire’s last annual general meeting which was held the following month. “The Company invested a total of K15.10 million in capital projects compared to K35.51 million for the previous year”.

Gregoire is currently Puma Energy’s Regional Finance Manager and his jurisdiction includes Covering South Africa, Lesotho, Swaziland, Namibia, Botswana, Mozambique, Tanzania, Zambia, Malawi, DRC, Zimbabwe. He has held his current assignment since July 2017. Prior to that, he oversaw the Middle Eastern region in the same capacity.

The Board will be sad to see the Europe Business School Master of Finance degree holder. “The Board would like to express appreciation to Mr Charmetant for his valued contribution during his tenure as a director and wishes him well in his future endeavors”.

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