Dairibord Holding announces changes in leadership positions

ZIMBABWE – Dairibord Holdings Limited, a dairy producer, has announced the appointment of Mr. Nobert Hazvinei Chivimbiso Chiromo, an Independent Non-Executive Director of the Company, as Chairman of the Board of Directors.

Mr. Chiromo is a seasoned business consultant and Chartered Accountant with more than 25 years of experience in strategic planning, capital raising, business valuations, mergers and acquisitions, and debt restructuring across a wide range of sectors.

He currently serves as Chairman of the Board of Directors at William Bain & Company Holdings (Private) Limited, is the Executive Director of Corporate Excellence Financial Advisory Services (Private) Limited and also holds a Non-Executive Directorship at Old Mutual Life Assurance Company Zimbabwe Limited.

With his broad expertise and strong governance background, Mr. Chiromo is well-positioned to lead the Board in advancing the Company’s growth and strategic objectives.

Mr. Nobert Hazvinei Chivimbiso Chiromo replaces Mr. Josphat Kevin Hatidikani Sachikonye as a Director and Chairman of the Board of Directors.

Mr. Sachikonye’s tenure with the Company spans an impressive 16 years, during which he served as Chairman for the last 7 years.

“The Board, Management and Staff of Dairibord Holdings Limited extend their heartfelt appreciation to Mr. Sachikonye for his distinguished service, exceptional leadership and unwavering commitment to the Company,” the company stated.

Additionally, the Board of Directors also announced the retirement of Mr. Cleton Mahembe as a Director of the Company.

Mr Mahembe served Dairibord Holdings Limited with dedication and distinction for 19 years. The Board, Management and Staff express their sincere gratitude for his invaluable contribution to the Group and wish him every success in his future pursuits.

Dairibord Holdings reports 40% growth in raw milk supply

Last year, the company reported a 40% growth in raw milk supply for the half-year period ending June 30, 2024, outperforming the national production surge of 22%. 

Ms. Mercy Ndoro, the group’s chief executive officer, attributed this impressive growth to a proactive strategy that included aggressive recruitment of milk producers and enhanced yields among contracted dairy farmers.

“The efforts of our milk supply development unit have made it a responsibility to interact with farmers and increase raw milk production, which has started to bear fruit,” she explained.

The company’s profit surged to US$3 million, up from US$736,000 during the same period last year, highlighting its resilience amid challenging economic conditions.

Ndoro noted that the volume and revenue performance for the interim period demonstrated a positive trajectory, enabling Dairibord to achieve substantial results despite external challenges.

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