Last checked at 16 Dec 2011 07:40
APPOINTMENT OF MR. WILA D. MUNG'OMBA AS EXECUTIVE CHAIRMAN OF ZCCM-IH
In line with Article 74(A) of the Articles of Association of ZCCM Investments Holdings Plc (ZCCM-IH), the Minister of Mines and Natural Resources, Honourable Wylbur Simuusa, MP, on behalf of the Government of the Republic of Zambia, the majority shareholders of ZCCM Investments Holdings Plc (ZCCM-IH,) is pleased to announce the appointment of Mr. Wila D. Mung'omba as Executive Chairman of ZCCM-IH with effect from 1st December 2011. Mr. Mung'omba takes over from Mr. Alfred J Lungu who has served ZCCM-IH for a period of 4½ years. The Minister commends Mr. Lungu for his contributions to the company and the mining sector as a whole.
Mr. Mung'omba who is not new to the affairs of the company, has in the past served as Group A Director of ZCCM Limited in 1996-98. Between 1995-1998, Mr. Mung'omba was World Bank's appointed Team Leader in the initial preparation of the ZCCM Limited privatization Report and Plan by the UK based Investment Bank NM, Rothschild & Sons and international law firm Clifford Chance. Later Mr. Mung'omba was involved in the creation of the present ZCCM-IH.
Mr. Mung'omba is a distinguished lawyer of many years, a former Executive Director of the International Monetary Fund, and former President of the African Development Bank Group. For five years he served as Non-Executive Director on the initial Board of the Emerging African Infrastructure Fund (EAIF), a donor funded financial instrument to encourage public and private sector partnership in infrastructure development in Sub-Sahara Africa. He is currently Chairman of Cavmont Capital Holdings Zambia Plc and Chairman of Cavmont Bank.
Recently at an African Union Ministers of Trade meeting held in Accra Ghana, Mr. Mung'omba was elected Chairman of the Pan African Private Sector Trade Policy Committee. As Chairman, he will coordinate all African private sector Trade Policy negotiations at World Trade Organization (WTO) and at Regional Organizations such as ECOWAS, COMESA and SADC.
The Minister congratulates Mr. Mung'omba on this appointment, looks forward to his contributions towards achievement of the Company's strategic objectives and wishes him success in his new role.
Dr V. Mutambo
Permanent Secretary
Ministry of Mines and Natural Resources