Board of Directors

“Our Board governs through clearly mandated Board Committees, accompanied by monitoring and reporting systems”

The Board of Directors is responsible to the shareholders for the performance and direction of Zambeef, through the establishment of strategic objectives and key policies, as well as approving major business decisions in accordance with its charter. The Board currently consists of two Executive Directors and nine non-executive directors. Six non-executive directors are considered to be independent by the Board in terms of the QCA guidelines.

The Board of Directors is responsible for:

  • Determining strategy;
  • Monitoring the Group Code of Ethics and Conduct, and the Anti Bribery and Corruption programme;
  • Agreeing risk appetite and overseeing management of risk;
  • Monitoring business and management performance; and
  • Communicating with shareholders and representing shareholder interests.

Our Board governs through clearly mandated Board Committees, accompanied by monitoring and reporting systems. Each committee operates within defined terms of reference and authority granted to it by the Board. Our Board meets at least four times during each financial year and under the following core governance structures and principles:

  • The roles of the Chairman and the Chief Executive Officer are separate. The Chairman is considered to be independent;
  • The role of the Chairman is to provide leadership of the Board and ensure its effectiveness on all aspects of its remit, in addition to providing leadership in corporate governance implementation and practice;
  • The role of the Chief Executive Officer is for the strategic development of the Group and for communicating it clearly to the Board, and once approved by the Board, for implementing it. The Chief Executive Officer is responsible for overseeing the management of the Group and its executive management;
  • The Board believes that its overall composition is appropriate, with no individual or group dominating the decision making process, and with a good balance between knowledge, experience and independence;
  • All Directors have had access to management, including the Company Secretary, and to such information as was needed to carry out their duties and responsibilities fully and effectively;
  • Our Directors have stayed fully abreast of the Group’s business through meetings with senior management;
  • All Directors are entitled to seek independent professional advice concerning the affairs of the Group at its expense;
  • One third of the Non-Executive Directors are subject to the “retirement by rotation” provisions contained in the Companies Act of Zambia.


Below are the current directors of Zambeef and their respective biographies:

Michael Mundashi (age 60)


Nationality: Zambian
Qualifications: Bachelor of Laws Degree (University of Zambia); Post Graduate qualification as an Advocate of the High Court of Zambia
Experience: Over 30 years post qualification experience in both the public and private sectors. Served as Chairman of the Zambian Tax Appeals Court and as Independent Non-Executive Chairman of Standard Chartered Bank Zambia Plc.
External appointments: Currently serving as Chairman of British American Tobacco Zambia Plc and Sanlam Insurance; Director of Nico General Insurance. Also, full time Managing Partner of the law firm of Mulenga Mundashi Legal Practitioners.
Committee membership: TBA

Walter Roodt (age 43)
Chief Executive Officer


Nationality: Namibian
Qualifications: BSc. (Agric.) Animal Science (University of Pretoria, RSA); MSc. (Agric.) Nutrition Science (University of Pretoria, RSA); Senior Executive Programme (London Business School, UK)
Experience: Over 15 years of experience in Agriculture in Southern Africa.
External appointments: Director of City Dental Ltd.
Committee membership: TBA

Faith Mukutu (age 39)
Chief Financial Officer

Faith Mukutu

Nationality: Zambian
Qualifications: A.C.C.A. (Chartered Certified Accountant) – Zambia Centre for Accountancy Studies, Zambia; Certified Accounting Technician – Zambia Centre for Accountancy Studies, Zambia
Experience: Over 15 years experience in senior finance positions of major corporates, including Zambia Sugar Plc and Zambian Breweries (part of SABMiller Group)
External appointments: Current directorships include: Bayport Financial Services Ltd; National Breweries Plc and Zambia Sugar Plc.
Committee membership: TBA

Dr. Lawrence Sikutwa (age 64)
Non-executive Director

Lawrence Sikutwa

Nationality: Zambian
Qualifications: MBA; FCII; Post Grad Diploma in Insurance (UK); Honorary doctorate (University of Lusaka)
Experience: Over 30 years’ experience in business management. Previously General Manager of Zambia State Insurance Corporation Limited.
External appointments: Currently Chairman of Lawrence Sikutwa Associates Ltd Group of Companies.
Committee membership: Chairman of the Audit Committee and member of the Remuneration and Succession Committee.

John Rabb (age 75)
Non-executive Director

John Rabb

Nationality: South African
Qualifications: BSc (Agriculture); MBA (RSA)
Experience: Over 30 years’ business management experience. Formerly Managing Director of the Wooltru Group in South Africa, which was listed on the Johannesburg Stock Exchange.
External appointments: Has served on, and is currently serving on, several boards, including Wellspring Ltd.
Committee membership: Member of the Remuneration and Succession Committee and Environmental and Social Committee.

David Osborne (age 54)
Non-executive Director

David Osborne

Nationality: British
Qualifications: Cambridge University; Trinity College (Natural Sciences)
Experience: Over 30 years’ investment experience in private equity and infrastructure structure in UK, Europe, Africa and Asia. Previously Managing Partner and Head of Islamic Infrastructure Fund at CapAsia.
External appointments: Director of Direct Equity Team and Head of Portfolio Management with CDC Group Plc.
Committee membership: Chairman of the Remuneration and Succession Committee, member of the Audit Committee.

Yollard Kachinda (age 55)
Non-executive Director

Yollard Kachinda

Nationality: Zambian
Qualifications: BSc (Ed) Mathematics and Statistics (University of Zambia); MSc in Social Protection Financing (Maastricht University, Netherlands).
Experience: Over 25 years’ experience with Zambeef’s biggest local shareholder, NAPSA, which holds 8.3 per cent of the Company.
External appointments: Director General of the National Pension Scheme Authority (NAPSA). Member of Board of Trustees of NAPSA Lusaka Trust Hospital staff pension scheme
Committee membership: Member of the Remuneration and Succession Committee.

Margaret Kunda Chalwe-Mudenda (age 46)
Non-executive Director

Margaret Kunda Chalwe-Mudenda

Nationality: Zambian
Qualifications: LLB (University of Zambia); postgraduate diploma in legislative drafting (Zambia Institute of Advanced Legal Education); LLM in Information Technology and Telecommunications (Southampton University, UK).
Experience: Over 10 years’ legal experience including finance, banking and labour law. Over seven years’ experience in ICT and telecommunications. Former Director General of Zambia Information and Communications Authority.
External appointments:  Currently serving on the Boards of Madison Financial Services Plc, Medical Stores Ltd and MCK Legal Practitioners.
Committee membership: Member of the Audit Committee.

Prof. Enala Lyson Tembo-Mwase (age 59)
Non-executive Director

Enala Lyson Tembo-Mwase

Nationality: Zambian
Qualifications: BSc Biological Sciences (University of Zambia); MSc Medical Parasitology (University of London); PhD in Zoology – Entomology (University of London).
Experience: 30 years’ teaching experience at University of Zambia, where she is an Associate Professor. A founding member of the Zambia Association of Women in Science and Technology, she has previously served on a number of boards and technical committees.
External appointments: Deputy Vice Chancellor of University of Zambia.
Committee membership: Chair of Environmental and Social Committee.

Jonathan Andrew Kirby (age 56)
Non-executive Director

Jonathan Andrew Kirby

Nationality: South African
Qualifications: Bachelor of Accounting (University of the Witwatersrand, RSA) Higher Diploma in Tax Law (Rand Afrikaans University, RSA).
Experience: 25 years’ experience with SABMiller. Previously SABMiller Finance Director: Africa. Appointed VP Finance for AB InBev Africa before retirement.
External appointments: Director – Delta Corporation (Zimbabwe) Ltd.
Committee membership: Member of the Audit Committee

Frank Nicolas Julia Braeken (age 59)
Non-executive Director


Nationality: Belgian
Experience: Extensive experience in the Fast-Moving Consumer Goods (“FMCG”) sector, including 26 years with Unilever where he lived and worked in nine countries on four continents.
External appointments: Currently sits on the following boards: Alliance for a Green Revolution in Africa, Blue Skies Holdings Limited, Buhler AG, Feronia Inc., F.M.B DWC-LLC, Marie Stopes International, Seven Hills Ranch Limited
Committee membership: TBA