The Chairman of the Board of Directors announced the resignation of Mr. Salim Eceolaza from the Board of Directors effective 28 September 2018. Mr. Eceolaza was the Group Finance Director of the Company having joined the Board in 2015. He has now been appointed the Managing Director of Simbisa Brands Kenya Limited.

Messrs. Leighton Shaw and Manoli Vardas have retired from the Board with effect from 1 July 2018 and 28 September 2018 respectively. Mr. Leighton Shaw is an Executive responsible for Commercial Affairs and Mr. Manoli Vardas is an Executive for Operations.

Their resignations allow for the Board of Directors to have a majority of non-executive membership. Mr. Baldwin Guchu has been the appointed the Group Finance Director of Simbisa Brands Limited with effect from 1 December 2018. He commenced his professional career with PricewaterhouseCoopers Chartered Accountants (Zimbabwe) where he trained and qualified to be a Chartered Accountant.

Prior to his appointment as Group Finance Director of Simbisa Brands Limited, Baldwin held various senior roles within the Ecobank Group.