Grace Muradzikwa appointed acting chairperson of CFI Holdings
1 report, 1 independent
Updated Tue 13:20
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What happened
On April 22, 2016, Grace Muradzikwa was appointed acting chairperson of CFI Holdings. This followed the immediate departure of Chairman Simplicius Chihambakwe, who retired to focus on his private practice. CFI Holdings, an agro-industrial concern listed on the Zimbabwe Stock Exchange, had been struggling with sustained losses and slowing turnover.
From insiderzim.com
Why it matters
The leadership changes occur amid controversy at CFI Holdings, which had been affected by working capital deficits over the previous two years. The appointment of Grace Muradzikwa, the managing director of NicozDiamond Insurance, signals a shift in governance at one of the country's largest agro processing firms.
From insiderzim.com
Who's involved
- Grace MuradzikwaAppointed acting chairperson of CFI Holdings
- Nicholas van HoogstratenHeld a significant shareholding in CFI Holdings
- ZimbabweThe sovereign state where CFI Holdings operates