Ron Mutandagayi has stepped down as board chairman of listed property firm Mashonaland Holdings.
With his resignation as chair having taken effect last week (August 26), Mutandagayi will however remain as non-executive director.
“Ron will continue to serve on the Board as a Non-Executive Director. Ron served the company as Board Chairperson for 5 years since September 2015,” said the group.
“Under his stewardship, Ron has immensely contributed to Mashonaland Holdings Limited’s growth. The Company extends its gratitude to Ron for his principled leadership as Board Chairperson and looks forward to his continued valuable service as a Non-
Executive Director.”
Mutandagayi will be replaced by Grace Bema.
“The Directors of Mashonaland Holdings Limited are pleased to announce the appointment of Engineer Grace Bema as an Independent Non-Executive Chairperson of the Board with effect from 26 August 2020.
“Grace is a Member of the Zimbabwe Institute of Engineers and is a Director at Brian Colquhoun Hugh O’Donnel & Partners (BCHOD) Consulting Engineers.”
Grace holds a BSc. Honours degree in Civil Engineering and a Master of Business Administration (MBA) degree, both from the University of Zimbabwe.
She also holds a MSc. degree in Sustainable Systems from Slippery Rock University in Pennsylvania (USA).
Grace has served on the Mashonaland Holdings Limited Board as an Independent Non- Executive Director since November 2019.
Meanwhile, Mashonaland Holdings has also announced the appointment of Mrs Petronella Musarurwa as Deputy Board Chairperson.
“The Company is further pleased to announce the appointment of Mrs Petronella Musarurwa as an Independent Non-Executive Deputy Chairperson of the Board with effect from 26 August 2020,” said Mashonaland Holdings.
Petronella is an accomplished senior Legal Practitioner with over 20 years’ experience in both the private sector and public sectors.
She holds a Bachelor of Laws (LLB)
degree from the University of Zimbabwe.
Petronella has been serving on the Mashonaland Holdings Limited Board since October 2014.