Board resignation and appointment of Controller

RNS Number : 6061O

Cambria Africa PLC

23 September 2013

 



Cambria Africa plc

("Cambria" or the "Company")

Board resignation and appointment of Group Controller

The Board of Cambria Africa plc ("Cambria" or the "Company") advises that it has accepted the resignation of Ms Tania Sanders, who will resign her duties as Chief Financial Officer on November 30th, 2013.

At the same time, Cambria is also pleased to announce the appointment of Ms Rhonda Wells as Group Financial Controller.

Rhonda will be joining us from Mecom Group plc, where she is the Group Financial Controller.  Prior to joining Mecom in 2007, she spent 10 years at KPMG, most recently as Audit Senior Manager in London Rhonda, who spent a significant part of her youth in Zambia and South Africa, will share part of Tania's responsibilities with Ms Nyaradzo Mudzamiri, who has since 2011 managed Strategy and Corporate Development within Cambria. 

Prior to joining Cambria, Nyaradzo was with KPMG Corporate Finance in its Harare and Johannesburg offices.

Over the last 18 months, Cambria has seen a rapid transition both within the Company as well as in the markets in which the Company operates.  The Company has made great strides simplifying both its structure as well as the nature of its operations, and will continue the execution of this strategy in the coming periods.

As part of this streamlining process, Cambria has increasingly delegated financial reporting responsibility to the management teams of its investments, within the appropriate oversight framework.  The Board is therefore comfortable Cambria's current Chief Financial Officer role can, going forward, be well divided and managed between Rhonda and Nyaradzo.

Ms Wells and Ms Mudzamiri will report directly to Cambria's CEO, Edzo Wisman. They will not be appointed to Cambria's Board, but will between them join, among others, the Boards of Payserv Africa and Millchem Holdings, as well as the Leopard Rock Hotel.

Ian Perkins, Cambria's Chair, comments: "On behalf of the Board of Cambria, I thank Tania for her hard work, on-going vigour and beneficial insights during the challenging transition period that lies behind us now.  She leaves Cambria with more robust and transparent reporting and control systems in place, as well as a much improved corporate secretarial function.  We wish her the very best in her future endeavours."

States Tania Sanders, who will remain a shareholder of Cambria: "Having supported the Group through a remarkable period of transformation, I wish the Company and its stakeholders every success in the realisation of its strategy for growth."

Contacts
Cambria Africa plc	www.cambriaafrica.com
Ian Perkins	[phone]
Edzo Wisman	+ 1 (0) 416 358 1910
WH Ireland Limited	www.wh-ireland.co.uk
James Joyce / Nick Field	[phone]

 

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NOTES TO EDITORS

About Cambria Africa plc

Cambria Africa plc, quoted on the AIM market of the London Stock Exchange, is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe.

 

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