According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) wishes to announce the resignation of Mr. M C Kaluba as a Non-Executive Director effective 17 August 2022. In His place, Mr. Muchindu Kasongola has been appointed with effect from 24 August 2022.
Mr. Kasongola is a seasoned Investments Professional with nearly two (2) decades of experience in both the private and public sectors. He holds the substantive role of Chief Investments Officer at the Industrial Development Corporation (“IDC”), responsible for the Investments and Treasury functions of the Corporation. He has vast experience in investment management, corporate finance, business valuations, project management, and risk management.
Mr. Kasongola has also, in the recent past, represented the IDC on several Boards of Strategic subsidiaries and investee companies as Non-Executive Director. Mr. Kasongola is a Fellow of the Chartered Institute of Management Accountants (“CIMA”).
The Board looks forward to the contribution of Mr. Kasongola to the Company and expects that his participation will add value to ZCCM-IH.
The Board would also like to thank Mr Kaluba for his contribution to ZCCM-IH during the time he served as Non-Executive Director and wishes him well in his future endeavours.