In a statement on Wednesday, Dairibord Holdings said Mr Mandiwanza was leaving the company as a vibrant and profitable commercial entity.
The company said Ms Mercy Ndoro would replace him effective October 1, 2022. Said the company:
The board of directors of Dairibord Holdings Limited would like to announce the retirement of the group’s chief executive officer, Anthony Mandiwanza, with effect from September 30, 2022 after a distinguished career.
Mercy has a deep understanding of the business from experience in management positions spanning over 25 years in Dairibord and is firmly positioned to take the business through this transition period and beyond.
Mr Mandiwanza, who was appointed to the helm of Dairibord in 1996, presided over the privatisation, listing on the Zimbabwe Stock Exchange in 1997, and its diversification from being a predominantly milk business of the former State-owned enterprise.
Meanwhile, the incoming chief executive, Ms Ndoro, has previously held positions such as financial accountant, finance executive and company secretary at the same company.
Ndoro holds a degree in Accountancy and an MBA from the University of Zimbabwe.
Dairibord has also announced the appointment of Mr Godfrey Machazi as chief operating officer effective June 1 this year.