Proplastics CEO Steps Down
SAMANTHA MADE
Proplastics Limited, a publicly traded manufacturer of plastic pipes’ CEO, Kudakwashe Chigiya has stepped down, Business Times can report.
The company expressed deep gratitude for Chigiya’s leadership and contributions, highlighting his instrumental role in shaping Proplastics into a formidable player in the competitive plastics manufacturing sector.
During his tenure, Chigiya spearheaded strategic initiatives that enhanced operational efficiency, strengthened the company’s market position, and cultivated a culture of innovation and accountability. The board commended his dedication, emphasizing that his departure comes at a time when the company is well-positioned for further growth and diversification.
To ensure a seamless transition, the board has appointed Paschal Changunda, the company’s Financial Director, as Acting CEO with immediate effect. His appointment complies with the regulatory requirements of the Zimbabwe Stock Exchange (ZSE) Listing Rules.
Changunda’s deep understanding of the company’s financial and operational framework makes him a natural fit to steer Proplastics during this interim period. The board expressed strong confidence in his ability to maintain stability and drive the company’s strategic objectives while a search for a permanent CEO is underway.
This leadership transition occurs against the backdrop of an evolving plastics manufacturing industry, which faces increasing regulatory scrutiny and a global shift towards sustainable production. Under Changunda’s leadership, Proplastics is expected to leverage its strengths while exploring innovative strategies to remain competitive in both domestic and international markets.
The board emphasized its commitment to transparency, regulatory compliance, and long-term strategic vision.
“(Kudakwashe) Chigiya has served the Company with dedication and commitment, and the Board expresses its sincere gratitude for his invaluable contributions to the Company’s growth and success. The Board wishes Kudakwashe success in his future endeavours. In the interim, (Paschal) Changunda, the current Financial Director, has assumed the role of Acting Chief Executive Officer,”Proplastics company secretary Angeline Mudada, said.
Moving forward, Proplastics remains focused on delivering high-quality products, investing in research and development, and adopting sustainable production practices.
As the company navigates this period of change, Changunda is tasked with not only overseeing daily operations but also laying the groundwork for a strategic transformation that aligns with future industry trends.
