Edgars HY2023 Financial Results

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The Board

Our board of directors plays a crucial role in guiding the strategic direction and governance of our organization. Comprised of dedicated professionals from diverse backgrounds, our board members bring a wealth of experience, expertise, and passion to their roles. At Edgars Stores, our board of directors is committed to upholding the highest standards of governance, transparency, and integrity. Together, we work collaboratively to advance our organization’s mission, serve our community, and create lasting impact.

We invite you to learn more about each of our board members by clicking on their profiles below!

Themba N Sibanda [BAcc (Z), CA (Z)] – Director

Non-Executive Board Chairman
Director Since: 2003
Edgars Stores Limited Committee Membership: Remuneration Committee
Other Directorships: Phoenix Consolidated Industries

Themba was appointed to the Board in 2003. He holds a Bachelor of Accountancy degree and is a Chartered Accountant. He is a member of the Institute of Chartered Accountants Zimbabwe and also a non-executive director of Phoenix Consolidated Industries.

Sevious Mushosho – Director

Executive Director
Director Since: 2022

Sevious is a Fellow Chartered Accountant in Zimbabwe with over 20 years of global experience in cross-functional management, financial management, audit, insurance, banking, retail and distribution. Mr. Mushosho has held executive positions in several businesses in Zimbabwe, Zambia, Malawi, and Mauritius, including Distribution Group Africa, AfriAsia Holdings Limited, Innscor Africa, and Sub Sahara Capital Group. As a non-executive director, he joined the board in July 2022 and was named group chief operating officer in May 2023. Sevious is now serving as the Group Chief Executive Officer, a promotion that took effect on the 1st of November 2023.

 

Chesternoel Mutevhe – Director

Executive Director
Director Since: 2023

Chesternoel brings with him a wealth of experience in the FMCG sector having worked for CFI Holdings Limited as Group Finance Director for 7 years. Prior to that he held the positions of Group Company Secretary, Group Treasurer and Group Financial Controller. In addition, he headed the property development outfit for the CFI Group. His most recent assignment was as head of finance in Zimbabwe for Karo Platinum. Chesternoel is a qualified realtor and Chartered Accountant, having trained with Deloitte.

 

Peter Mnyama – Director

Executive Director
Director Since: 2023

A career fashion retailer with over 25 years’ experience, Peter joined the Group as Merchandise Trainee back in 1998. He rose to Group Merchandise Controller in 2004 and later became Express Merchandise Executive. He later moved to Edcon in South Africa in 2008 and later returned to Zimbabwe as the Marketing and Sales Executive for Carousel Private Limited in 2013, a role he kept until 2016 when he became Merchandise Executive for the Jet Chain. In 2020 he became the Jet Chain Managing Director and then moved to become Edgars Chain Managing Director in 2022. In November 2022, he was promoted to Executive Director – Retail and Manufacturing. Peter holds a BCom Honours degree in Marketing, an Executive Development Diploma from ICAZ and a number of Planning and Management Development qualifications.

Christo Claassen CA (SA) – Director

Independent Non-Executive Director
Director Since: 2022

Christo is currently the Founder and CEO of Fortuna Investment Holdings (Cape Town), an investment holding company that focuses on investment in consumer-facing businesses. He is a qualified chartered accountant and also holds a MBA, specialising in retailing, from the University of Stirling in Scotland. Christo has over 20 years of executive retail experience, as CEO of the Jet division of Edcon and MD of the Fashion, Beauty and Home division of Woolworths.

Mark Robb – Director

Non-Executive Director
Director Since: 2023

Mark is a skilled IT professional with over 22 years multinational experience across Fintech, Banking, FMCG, Media, Manufacturing, and Agricultural sectors. He has a B.Com Honours Degree in Information Systems and Management from Rhodes University in South Africa and many other IT qualifications obtained from various Institutions.

Canaan F Dube [LLB (Hons), LLB, MBA] – Director

Non-Executive Director
Director Since: 2004
Edgars Stores Limited Committee Membership:
Audit Committee, Remuneration Committee

Appointed to the Board in 2004, Canaan is a lawyer and corporate leader. He is a renowned commercial lawyer with considerable experience on corporate leadership mandates as well as banking and financial services work, registered and practicing as such in both Zimbabwe and Botswana. Canaan has considerable experience in corporate governance and is the Founder and Chairman of The Quality Corporate Governance Centre (Pvt) Ltd t/a Zimbabwe Leadership Forum (Zimlef), the first of its kind in Zimbabwe.

Matthew Hosack – Director

Matthew Hosack serves as a Non-Executive Director on the board of Edgars Stores Limited, bringing a wealth of experience and expertise to the company. With a corporate governance and strategic management background, Matthew plays a pivotal role in guiding the company towards achieving its goals and objectives. As a member of the Remuneration Committee, he helps develop and implement fair compensation policies aligning with the company’s strategic goals.