ZCCM Investments Holdings Plc (ZCCM-IH) has announced the appointment of Mr. Kakenenwa Muyangwa as its new Chief Executive Officer (CEO). Prior to this appointment, Muyangwa served as the Chairperson of the ZCCM-IH Board, playing a pivotal role in steering the company’s strategic direction.
In an official statement released on Monday, ZCCM-IH Secretary Mr. Charles Mjumphi confirmed that Mr. Muyangwa retired from his position as Non-Executive Director and Chairperson of the Board effective 5 June 2025, paving the way for his new role as CEO.
“In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (LuSE Rules), ZCCM Investments Holdings Plc (ZCCM-IH or the Company) wishes to inform its shareholders and the market of the following changes to the Board of Directors and Executive leadership: Mr. Kakenenwa Muyangwa has retired as a Non-Executive Director and Chairperson of the ZCCM-IH Board, effective 5 June 2025,” the statement read.
Muyangwa’s transition from board chairperson to CEO underscores the company’s confidence in his leadership abilities and deep understanding of the mining and investment sectors in Zambia. His appointment is expected to bring continuity and reinforce ZCCM-IH’s commitment to maximizing shareholder value while driving sustainable growth in the copper mining industry.
As a seasoned professional with extensive experience in governance and corporate management, Muyangwa is well-positioned to lead ZCCM-IH through the evolving challenges and opportunities within Zambia’s mining sector.
The appointment comes at a crucial time when ZCCM-IH is focused on expanding its portfolio and enhancing operational efficiencies. Stakeholders have expressed optimism that Muyangwa’s leadership will strengthen the company’s position both locally and internationally.
ZCCM-IH continues to be a key player in Zambia’s mining industry, contributing significantly to the country’s economic development through its investments in mining assets and partnerships.
This leadership change marks a new chapter for ZCCM-IH as it seeks to build on its successes and navigate the dynamic landscape of the global mining market. Shareholders and market participants await further updates on the company’s strategic plans under Muyangwa’s stewardship.