BUSINESS REPORTER
Dairibord Holdings Limited group CEO Anthony Mandiwanza is leaving the food and beverages manufacturer at the end of September after 26 years at the helm.
Mercy Ndoro becomes the new CEO with effect from October 1, the company said in a statement yesterday.
Mandiwanza joined Dairibord in 1979 rising through the ranks to the top post in 1996 and drove the transformation of the company from a loss-making state enterprise to a vibrant, profitable commercial entity, the company said.
He is credited with driving Dairibord to be the first successful state enterprise to be privatised and its listing on the Zimbabwe Stock Exchange in 1997.
Its shares were oversubscribed and the company was one of the best performing companies on the ZSE.
The company said Mandiwanza had led Dairibord to diversify from being a predominant milk business to “More than Just Milk”.
The industrialist also played a leading and influential role in the development of the dairy industry in Zimbabwe and industry associations having led the Confederation of Zimbabwe Industries and the Employers’ Confederation of Zimbabwe.
He chaired the boards of other organisations including First Capital Bank Zimbabwe (formerly Barclays Bank of Zimbabwe) and TSL.
“We would like to extend our most sincere appreciation to Anthony for his invaluable contribution to Dairibord and congratulate him on his accomplishments and the new season ahead,” the company said.
