Masundire takes reins at Mashonaland Holdings
In a leadership transition, Mashonaland Holdings Limited has appointed Kudakwashe Musundire as the new managing director, effective from August 1, 2024.
This appointment marks a pivotal moment for the company, heralding a new era of strategic direction and leadership.
Musundire, who joined Mashonaland Holdings in 2020 as chief finance officer, has been serving as the acting managing director since April 2024.
His elevation to the top post is testament to his robust leadership skills and his extensive experience in the financial sector.
He is a qualified Chartered Accountant and a member of the Institute of the Chartered Accountants of Zimbabwe, bringing a wealth of knowledge and expertise to the role.
He holds a Bachelor of Commerce (Honours) Degree in Accounting from the National University of Science and Technology and an Honours Bachelor of Accounting Science from the University of South Africa.
Egnes Madhaka, the company secretary, expressed the board’s confidence in Musundire’s capabilities.
“We are pleased to announce the appointment of Kudakwashe Musundire as the substantive managing director of the company. Musundire has shown exceptional leadership and strategic insight during his tenure as acting managing director. His vast experience in various industries, including telecommunications and financial services, will be invaluable as we navigate the next phase of our growth,” Madhaka said.
Musundire’s career spans 15 years in leadership roles across different industries, showcasing his versatility and capability to drive organisational success. His appointment comes at a crucial time for Mashonaland Holdings, as the company seeks to strengthen its market position and enhance its financial performance.
His financial acumen and strategic vision are expected to steer the company towards achieving its long-term objectives.
In tandem with Musundire’s appointment, Mashonaland Holdings also announced the appointment of Taurai Chigidi as the acting chief finance officer, effective from the same date.
Chigidi, who has been part of the company’s finance division since 2021, is stepping into a vital role that will support the company’s financial strategy under Musundire’s leadership.
He is a seasoned chartered accountant with over 10 years of experience in auditing and financial reporting. His career includes significant stints as audit manager at Deloitte & Touche Zimbabwe, HLB Mekonsult Tanzania, and HLB Zimbabwe.
Chigidi holds a Bachelor of Commerce (Honours) Degree in Accounting from Midlands State University and Post Graduate Diplomas in Applied Accounting and Advanced Accounting from the University of South Africa. He is also a member of the Institute of Chartered Accountants Zimbabwe (ICAZ) and the Public Accountants and Auditors Board (PAAB).
Madhaka also commented on Chigidi’s appointment, stating; “The Board is further pleased to announce the appointment of Mr Taurai Chigidi as the acting chief finance officer of the company. Taurai’s extensive background in auditing and financial reporting, along with his proven track record in financial management, positions him well to support our financial operations and strategic initiatives.”
With these strategic appointments, Mashonaland Holdings is poised to leverage the expertise of its new leadership team to drive innovation, operational efficiency and sustainable growth.
The company’s stakeholders are optimistic about the future under Musundire’s and Chigidi’s stewardship, anticipating a period of robust performance and enhanced shareholder value.
As Mashonaland Holdings embarks on this new chapter, the focus will be on executing its strategic initiatives and reinforcing its position as a leading player in the real estate and property development sector.
The combined expertise of Musundire and Chigidi is expected to be a driving force behind the company’s ambitious growth plans.-ebusinessweekly
