Zambeef Products appoints Frank Braeken to its Board as Non-Executive Director

– ZAMBIA, Lusaka – Zambeef Products PLC (AIM:ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces the appointment of Frank Braeken to its Board as a Non-Executive Director with immediate effect. Frank is being appointed as the second representative of CDC Group plc, the Company’s 17.5 per cent. ordinary share holder, under the terms of the Relationship Agreement between CDC and the Company, which became effective on 16 September 2016.

Frank is a Belgian national with extensive experience in the Fast-Moving Consumer Goods sector, including 26 years with Unilever where he lived and worked in nine countries on four continents.

In 2009, Mr. Braeken became head of Unilever’s Namca region, with responsibility for markets across North Africa, the Middle East and Central Africa. In 2011, Mr. Braeken became Head of Unilever Africa where he had overall responsibility for the $3 billion operation.

After leaving Unilever in 2013, Mr. Braeken became Chief Investment Officer of Amatheon Agri Holding, a company established to invest in African agriculture and food-related businesses, with a specific focus on Zambia in which capacity he served until his resignation in 2016.

Frank is currently Non-Executive Chairman of Feronia, the UK based and Toronto listed agribusiness, operating in the Democratic Republic of Congo. In addition, Frank holds a number of other Non-Executive Directorships across a broad range of industries, including within food production and retailing.

Zambeef Chairman, Dr Jacob Mwanza, commented: “I’m thrilled to welcome Frank as a Non-Executive Director to the Board. He brings significant experience from one of the world’s largest FMCG companies which, together with his extensive recent experience of operating throughout Africa, will be of significant value to the Board and the Company. I very much look forward to working with Frank over the years ahead.”

About The Zambeef Group

The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year.

For more information : http://www.zambeef.co.zm

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