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Business Reporter
Listed firm, Dairibord Holdings Limited has announced two new board appointments namely Mr Leonard Mutunga and Mrs Getrude Kumbirai Mashonganyika to strengthen its management and board of directors.
Dairibord said it was pleased to make the appointment of Mr Mutunga as an executive director in charge of Finance, with effect from January 1, 2024.
“The board of directors of Dairibord Holdings Limited would like to announce the appointment of Mrs Gertrude Kumbirai Mashonganyika as an independent, non-executive director, with effect from January 1, 2024.”
A former Seed Co Limited staffer, Mr Mutunga brings to Dairibord a wealth of financial acumen, leadership prowess, and strategic vision to the table, poised to significantly benefit the company.
“He joined Dairibord from Seed Co Limited and brings strong financial expertise, leadership skills, and strategic thinking which will be valuable to the company,” the statement said.
Mr Mutunga holds, a Zimbabwean Chartered Accountant, boasts a diverse academic background, including a Bachelor of Commerce Honours in Accounting from NUST, Bachelor of Accounting Science/BCompt Honours from UNISA, Bachelor of Laws (LLB) and a Master of Business Leadership from the University of South Africa Graduate School of Business Leadership.
Additionally, he has completed the Executive Development Programme at the University of Cape Town Graduate School of Business.
Dairibord said Ms Mashonganyika brought over two decades of extensive expertise in business strategy, marketing, and supply chain management across various sectors.
She holds positions within the national council and the regional and international trade committee of the Confederation of Zimbabwe Industries (CZI), alongside membership in the Institute of Business Advisors Southern Africa (IBASA).
Her educational background includes an Honours Degree in Business Studies from the University of Zimbabwe and a Master of Business Administration from the University of Gloucestershire UK.
In its latest report for the nine months to September 30, 2023, the company processed 22,4 million litres, 13 percent more than during the same period last year.
“This was ahead of the 10 percent growth in national raw milk production as reported by the Dairy Services Department of the Ministry of Lands, Agriculture, Fisheries, Water, Climate and Rural Development. The volume constituted 34 percent of the milk received by processors,” the company said.
For the quarter, sales volumes rose 11 percent to 25,8 million litres from 23,2 million litres previously. Liquid milks and beverages increased by 16 percent and 14 percent respectively, while foods declined by 24 percent.
Exports were up 7 percent and accounted for 11 percent of total sales volumes in the quarter.
The nine-month total sales volumes were 10 percent higher than the corresponding period in the previous year.
Of the overall volume, beverages made up 65 percent, liquid milks made up 28 percent and foods made up 7 percent.
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