Zambeef Products PLC Board & Management Changes (4778J)
April 03 2018 - 2:01AM
UK Regulatory
TIDMZAM
RNS Number : 4778J
Zambeef Products PLC
03 April 2018
3 April 2018
Zambeef Products plc
("Zambeef" or the "Group")
Board & Management Changes
Zambeef (AIM: ZAM), the fully integrated retailer with
operations in Zambia, Nigeria and Ghana, confirms, further to its
announcement on 15 November 2017, the retirement of its co-founder
Carl Irwin from his role as Joint Chief Executive Officer of the
Company and a member of the Board, effective from 31 March
2018.
Mr Irwin has been Joint Chief Executive Officer of the Company
since 1994 and the Board has greatly appreciated the experience and
support he has contributed to the development of the Company.
In addition to overseeing the stock exchange listings in both
Zambia and London, he was instrumental, with Francis Grogan, in
driving investment of more than US$100 million to develop the
Company into one of the largest agri-businesses in Zambia and the
surrounding region in the last five years. Mr Irwin presided over
key milestones that have helped grow the Company into one of the
region's great success stories, with 195 retail outlets throughout
Zambia and West Africa and more than 7,000 employees.
As also announced on 15 November 2017, Mr Tim Pollock, who
joined Zambeef as a Non-Executive Director in September 2016 and
then as Group Managing Director from 1 January 2018, takes over
from Mr Irwin, as Joint Chief Executive Officer alongside Francis
Grogan. Mr Pollock has over 35 years of experience across the food
and agribusiness sectors in operational, leadership and strategic
roles in businesses operating in both developed and frontier
markets, including Cargill, Grainfamers, Armajaro and
Lallemand.
Zambeef Chairman, Dr Jacob Mwanza, commented:
"We cannot speak of Zambeef's journey without the mention of
Carl Irwin. He, along with Francis Grogan, co-founded the business
and it has been through their vision, entrepreneurial drive and
leadership that Zambeef has grown to become a market-leading and
respected agribusiness and food retailer. On behalf of everyone at
Zambeef, I would like to thank him for his leadership and
outstanding contribution to Zambeef over the past 23 years and we
wish him a happy and healthy retirement. We are delighted to have
been able to appoint Tim Pollock to the role of Joint Chief
Executive Officer and look forward to his and Francis Grogan's
ongoing contribution to the Group over the coming years."
For further information, please contact:
Zambeef Products plc Tel: +260 (0)
211 369003
Tim Pollock, Joint Chief Executive Officer
Francis Grogan, Joint Chief Executive Officer
Strand Hanson Limited Tel: +44 (0)
20 7409 3494
James Spinney
Ritchie Balmer
Frederick Twist
finnCap Tel: +44 (0)
20 7220 0500
Emily Morris
Christopher Raggett
Powerscourt Tel: +44 (0)20
7250 1446
Nick Dibden
Isabelle Saber
Notes to the editors
Information on Zambeef
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 7,787 hectares of row crops under
irrigation, which are planted twice a year and a further 8,694
hectares of rain-fed/dry-land crops available for planting each
year.
Further information can be found on www.zambeefplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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