Appointment of Executive Director

RNS Number : 6411R

Zambeef Products PLC

01 March 2019

 

1 March 2019

Zambeef Products plc

("Zambeef" or the "Group")

Appointment of Executive Director

Zambeef (AIM: ZAM), the fully integrated food producer with operations in Zambia, Nigeria and Ghana, announces the appointment of Walter Roodt to its Board as an Executive Director with immediate effect. Walter currently serves as the Group's Deputy Managing Director, reporting to and understudying the CEO, Francis Grogan. As part of the Group's succession plan which has been previously announced, Walter will  be  appointed CEO when Mr Grogan retires at the end of this year.

Walter joined Zambeef in July 2008 in the role of Nutritionist for the stock feed division, trading as Novatek. A year later, he was appointed as the General Manager of the division, a position he held until he was appointed as the Deputy Managing Director of the Group. Under his leadership, the stock feed division grew into the Group's best performing division and became Zambia's leading stock feed manufacturer.

Previously, Walter held the role of Technical Manager/Advisor at Feedmaster (Pty) Ltd for six years . He has a Bachelor's degree in Animal Science and a Master's of Science (MSc) in Animal Nutrition from the University of Pretoria.

Zambeef Chairman, Dr Jacob Mwanza, commented: "Walter's appointment as an Executive Director is in line with the Group's well considered succession plan and is validation of his hard work and commitment to the Group over the past 11 years. The Board looks forward to working closely with Walter in his new role."

Further information on Walter Roodt as required to be disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:

Mr Walter Roodt, aged 42

Current Directorships	Past Directorships (last 5 years)
City Dental Ltd	N/A
Fish Eagle Real Estate Eighteen CC
Letleo Properties Eight CC
Namib Property Ltd
Sixpense Sowing Investments

Walter currently holds nil ordinary shares in Zambeef Products plc.

For more information, please visit www.zambeefplc.com or contact:

Zambeef Products plc Francis Grogan, Chief Executive Officer Walter Roodt, Chief Executive Officer designate	Tel:  [phone]
Strand Hanson Limited       James Spinney Ritchie Balmer Eric Allan	Tel: [phone]
Finncap Christopher Raggett	Tel: [phone]
Powerscourt Nick Dibden Jana Tsiligiannis	Tel: [phone]
Pangaea Securities Wendy Tembo	Tel: [phone]

Notes to Editors

The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

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