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Edgars ring board changes as CEO and CFO resign from group

Edgars stores limited has announced resignations and new board appointments.

The group has a new broom in office.  Mr Sevious Mushosho has been appointed as the Group Chief Executive Officer.

“The Board would like to announce the appointment of Mr. Sevious Mushosho as The Group Chief Executive Officer of the Group with effect from 1 November 2023”, read the announcement.

Mr Mushosho is an experienced executive who has worked for various reputable companies. He is a Fellow Chartered Accountant Zimbabwe with over 20 years of multinational experience in cross-functional management, financial management, audit, insurance, banking, retail and distribution.

The appointment follows the resignation from the board of former Group Chief Executive Officer, Tjeludo Ndlovu who will be leaving the Group on 31 October 2023.

She had been with the company for 11 years having joined in 2012 as Group Accountant.

Tjeludo led the group successfully since 2020 at the peak of the COVID 19 pandemic.

The board thanked Tjeludo for her stewarding the company during difficult times.

“It is with profound gratitude that the Board thanks Tjeludo for her service to the Group and wishes her well in her new challenge”, read the announcement.

Following in the footsteps of the CE is Ms Happiness Vundla, the Group Chief Finance Officer of the Group who also resigned from the board.

Happiness led the finance department since 2021. The group acknowledged her contribution to the Group for the short period of time she was on the Board.

Mr Peter Mnyama was appointed Executive Director- Retail Chains with effect from 1 November 2023. Mr Mnyama has 25 years’ experience having joined the group as Merchandise Trainee back in 1998.

He rose to Group Merchandise Controller in 2004 and later became Express Merchandise Executive.

Mark Robb was appointed Non-Executive Director with effect from the 1st of November 2023. Mark is a skilled IT professional with over 22 years multinational experience across Fintech, Banking, FMCG, Media, Manufacturing, and Agricultural sectors.

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