CONSTRUCTION group, Masimba Holdings has announced the departure of chief executive Canada Malunga who will retire on December 31, 2023, after a decade at the helm of the company.
“He led the group through major transformations, such as rebranding from Murray & Roberts (Zimbabwe) Limited in 2013, and unbundling and listing of its manufacturing division, Proplastics, on the Zimbabwe Stock Exchange in 2015,” Masimba said in a note.
Masimba added that the company’s board had appointed Fungai Matahwa as Malunga’s successor, effective January 1, 2024. “Fungai was appointed to the Board on 15 September 2023. Before his appointment, Fungai held the position of Managing Director (Construction),” Masimba said.