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Friday, December 9, 2022
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HomeBusinessZCCM-IH CEO steps down

ZCCM-IH CEO steps down

By STUART LISULO

ZCCM Investments Holdings Plc (ZCCM-IH) Chief Executive Officer Mabvuto Chipata has left the company with immediate effect.

According to a notice published through the Stock Exchange News Service (SENS), Chipata stepped down as the ZCCM-IH CEO on March 30, 2022, by “mutual consent” with Tisa Chama taking over in an acting capacity.

“In compliance with the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM-IH hereby announces the separation from employment of Mr. Mabvuto T Chipata as Chief Executive Officer (CEO) of the company effective 30 March 2022. The separation is by mutual consent,” read the notice.

“The Board would like to thank Mr. Chipata for the dedicated service and valuable contribution made to ZCCM-IH during the time he served as CEO and in other capacities prior to the aforementioned position.

“The Board wishes Mr. Chipata success in his future endeavours. The Board also announces that Mr. Tisa R Chama, Chief Technical Officer, has been appointed to act for administrative convenience in the intervening period up to the time a substantial CEO is appointed. The Board is confident that Mr. Chama will make a valuable contribution to the success of the Company during his period of acting.”

Chipata was ZCCM-IH CEO since early, 2019.

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