Top 10 #Zimbabwe CEOs of All Time #263chat #twimbos

1. Luke Ngwerume, Old Mutual


Luke retired as Group Chief Executive Officer of the Old Mutual Zimbabwe Group in 2013, having held that position since 2007. He joined Old Mutual in 1983 and prior  to becoming Group CEO, he headed Old Mutual Life Assurance Company, Old Mutual Unit Trusts Management Company and Old Mutual Asset Managers as CEO. During his position as MD of Old Mutual Life Assurance Company. Luke was Chairman of LOA for two terms and a member of the Association for several years and was instrumental in driving the concept of self regulation within the life industry and specifically introduced the “one month cooling off period” at Old Mutual which became a standard inclusion in all life policies that Old Mutual issued to policyholders.

He is a graduate from the local university (1976) and also holds an MBA from The Graduate School of Business, University of Cape Town. He is a qualified Management Services Professional. He has also attended several Executive Development programs including the Global Leadership Program offered by The London Business School, London University. He currently sits on a number of boards which include a ZSE listed company, a leading medical aid society, CABS and Old Mutual Nigeria. He is a member of various networking organisations including the World Economic Forum Africa Chapter.”.

2. Douglas Mboweni – Econet  

Douglas-MboweniDouglas joined Econet Wireless Zimbabwe in 1996. He was part of the team that launched the Mascom Wireless network in Botswana and Econet Wireless Nigeria (EWN) in Nigeria. He assumed various positions in Econet Wireless International before his appointment as Chief Executive Officer of Econet Wireless Zimbabwe in March 2002. Among other qualifications, Douglas holds a Masters in Business Leadership (UNISA) and a BSc Maths and Computer Science degree from the University of Zimbabwe (UZ).

3. Willard Zireva – OK Zimbabwe Limited 


Mr. Vimbai W. Zireva is Chief Executive Officer & Executive Director at OK Zimbabwe Ltd.

Mr. Zireva joined the company in 1984. He qualified as a Chartered Accountant in 1981 and holds a Bachelor of Accountancy degree from the University of Zimbabwe and a Masters in Business Leadership from the University of South Africa. Mr. Zireva was finance manager for Manica Freight (Private) Limited before joining OKZL in 1984 as finance director, where he rose to the positions of General Manager (1987), Managing Director (1990). Mr. Zireva then moved to Delta Corporation Limited (holding company) head office in 1995 as Executive Director looking after the group retail operations until the OK demerger and public listing in October 2001 when he moved back as Chief Executive Officer.
He is on the Board of Directors at OK Zimbabwe Ltd.
Mr. Zireva also served on the board at Astra Holdings Ltd. and Astra Industries Ltd.
He received his undergraduate degree from the University of Zimbabwe and a graduate degree from the University of South Africa.

4.  Morgan Nzwere – Seed Co

Morgan is a Charterd Accountant who holds a Masters in Business Leadership from the University of South Africa and has also attended the Strategy Master Academy at the University of Cape Town’s business school. He attended the Advanced Management Programme 181 at Harvard Businers Schoot in Boston. Morgan has been involved in the seed industry for 14 years having joined Seed CQ Limited in May 1998 as chief financial officer. He has previously held senior corporate positions at WUwwale Motor Industries and Anglo American Corporation.

5. Lovemore Manatsa – British American Tobacco


Mr Lovemore Manatsa is the Managing Director of British American Tobacco Zimbabwe (Holdings) Limited, better known as BAT, a position he has held since September 2008. He is a believer in continuous learning and has mentored a number of managers at BAT. He has also encouraged members of his leadership team to undertake MBA degree courses at various universities. Mr Manatsa’s own Master’s degree in Leadership and Change Management included a module on “The Board, the Executive and Good Governance”. He has also attended Corporate Governance training workshops organised by the Institute of Directors Zimbabwe during 2012.

merit awardMr Manatsa has placed particular emphasis on risk management within the company, with bi-annual reviews being held of the control environment and the Business Risk Register. Business Continuity Plans are maintained to ensure optimal response to any potential business interruptions.

Under Mr Manatsa’s direction BAT recorded a 141% increase in net profit from 2011 to 2012.

BAT Zimbabwe is a corporate member of CZI and the Institute of Directors Zimbabwe. It is also a founder member of the Zimbabwe Business Council on AIDS. Mr Manatsa is a member of the Board of the Zimbabwe Business Council on AIDS as well as being Chairman of the CZI Trade Development and Investment Promotion Committee and a member of the CZI Council. He serves as a non-executive director on various boards in Zimbabwe as well as on the Boards of BAT Malawi and BAT Zambia.

BAT Zimbabwe has won awards during 2012 for national energy efficiency, agro-processing and as an outstanding employer, where it was recognised by the Corporate Research Foundation as one of the top seven employers in Africa. The company also won an award from the Zimbabwe Revenue Authority for being the second largest excise contributor to the National Fiscus in 2011.

He also sits on the Boards of BAT Malawi and Zambia, the Zimbabwe Business Council on AIDS and is a member of the CZI National Council where he chairs the Trade Development and Investment Promotion Standing Committee.

Lovemore holds an International Press Institute Diploma in Journalism, a BCOm (with specialisation in Marketing) from the University of South Africa and an MSc in Leadership & Change Management from the Leeds-Metropolitan University (UK).

6. Washington Matsaira – TSL Limited 


Mr. Washington Matsaira is Chief Executive Officer & Executive Director at TSL Ltd., Chairman at Botswana Housing Corp., Chairman at Special Olympics Botswana, Council Member at University of Zambia, and Council Member at University of Swaziland.

He is on the Board of Directors at Nampak Zimbabwe Ltd., TSL Ltd., and Longman Botswana Pty Ltd.

Mr. Matsaira was previously employed as Non-Executive Director by Standard Chartered Bank Zambia Ltd., Chairman by Standard Chartered Botswana Ltd., and Chief Executive Officer by Standard Chartered Bank Zimbabwe.

7. Jerenmy Brooke – National Foods –National Foods

Harvard+-+Jeremy+BrooksGroup Chief Executive Officer Jeremy Brooke joined National Foods as its CEO in 2007.

Jeremy Brooke is the outgoing CEO of Zimbabwe listed National Foods Limited (NF), a FMCG company with over USD 300 million in revenues. National Foods sources soy beans, sugar beans, navy Beans, maize, sugar and wheat from farmers across Africa (including small holder farmers) and processes into several food products. Jeremy is a turnaround specialist, during his 5 years as CEO, revenues at National Foods grew a CAGR of 32%, EPS 21%, and Share Price at 24%.

He had previously held senior management positions with Innscor Africa, which he joined in 2001, prior to which he was Managing Director and equity partner of Shearwater, a tourism and adventure company. He sits on a number of boards and charitable trusts.

8. Joe Mutizwa – Delta



Mutizwa was appointed CEO of Delta in April 2002, having joined the group in March 1983. He rose through the ranks to become MD of the soft drinks business in 1992, before his promotion to CEO of the beverages division in November 2005.

He was involved in the de-merger and unbundling of the non-beverages businesses between 2000 and 2001 and presided over the subsequent consolidation and refocus of the beverages businesses under Delta Beverages.

Mutizwa successfully steered the group during the difficult years of hyperinflation and has been instrumental in leading the business recovery since the dollarisation of the economy in 2009. He leaves the group in a very strong position, which is testimony to his strong leadership skills.

9. Divine Ndhlukula – Securico


Divine Ndhlukula founded SECURICO Security Services from humble beginnings in Zimbabwe in 1998. Divine identified a need in the market for a quality oriented security company and she has driven SECURICO to become the market leader in Zimbabwe. She has tackled a previously male-dominated industry head on and her business success story is nothing short of remarkable – marking her as one of Africa’s most tenacious and inspiring women entrepreneurs.

SECURICO today provides its clients with a complete security solution – uniformed armed officers, armoured vehicles for transportation of valuables, onsite banking, trained guard dogs, and electronic security systems. The company also does private investigations, employee vetting, and security consulting.

Divine’s Startup Story
From a young age, Divine had always told herself and everyone around her that she would be an entrepreneur and run her own large business in the future. This was driven by her recognition of the need to create a decent and secure livelihood for her family. Her quest to start and run her own business stayed with her throughout her formative years when she was studying and working to build her career. She set out to learn all the critical elements needed to run a successful business, undertaking various development programmes along the way, enrolling on an Entrepreneurial Development Programme in 1995. At the same time, she started researching and tracking various entrepreneurial opportunities in the local marketplace, eventually in 1998 seeing a potential business opportunity in the security services sector. Divine had identified what she saw as glaring service delivery and professionalism gaps in the private security sector, inspiring her to create and build a new type of security company with a difference. She was also motivated by a desire to empower previously disadvantaged women in Zimbabwe who were not able to access opportunities for formal employment, recognizing that the security sector had the potential to be a large-scale employer.

10. Dr. Cuthbert Dube – Premier Service Medical Aid and Premier Service Medical Investments (Pvt) Ltd

Dr Cuthbert Dube is the Group Chief Executive Officer of Premier Service Medical Aid and Premier Service Medical Investments (Pvt) Ltd.
Dr Dube holds a Masters Degree in Business Administration and a Doctorate in Business Administration.
Before he joined P.S.M.A.S he was the first black person to be appointed Chief Accountant of Shell Zimbabwe.
Over the years, Dr Dube has been recognized both nationally and internationally through the conferment of the following prestigious awards:-
1. Manager of the year award from the Zimbabwe Institute of Management – (2002).
2. Second Runner-up to Manager of the Decade from the Zimbabwe Institute of Management – (2003).
3. Gold Medal Award for Excellence in Business Practice from a Geneva-based Institute (Switzerland) – (2004).
4. Business man of the year Award conferred on him by the National Chamber of Commerce in Zimbabwe in 2006
5. International Quality Award (Gold Category) from Business Initiative Directors, New York, USA – (2008).
6. International Golden Award for Quality and Business Prestige from a Berlin –based Institute (Germany) – (2009).
7. International Star for Quality Award from a Geneva- based Institute (Switzerland) – (2010).
8. Global Award for Perfection, Quality and Ideal Performance conferred on him in Berlin, Germany in 2010
9. Majestic Five Continents Award for Quality and Excellence conferred on him in Rome, Italy in 2011.
10. Diamond Award conferred on him on 28 May 2012 in New York, United States of America.
The significance of all these awards are reflected by the fact that Dr Dube took over an organization with 100,000 members, and it now stands at a membership of well over 630,000. The organization continued growing while going through the economic hardships the country went through right up to dollarization.
Dr Dube also sits on and chairs the following boards:
1. West End Hospital (Pvt) Ltd Chairman
2. Claybank Private Hospital (Pvt) Ltd Chairman
3. Shashi Private Hospital (Pvt) Ltd Chairman
4. PSMI Clinical Laboratories Chairman
5. PSMI Medical and Dental Clinics (Pvt) Ltd Chairman
6. PSMI Pharmaceuticals (Pvt) Ltd Chairman
7. Healthshield Medical Services (Zambia) (Pvt) Ltd Chairman
8. Premier Service Medical Aid Society(Zambia) (Pvt) Ltd Chairman
9. Zimbabwe Brain Tumor Association Chairman
10. Groombridge Residents Association Chairman
11. Jongwe Printing and Publishing Co. (Pvt) Ltd Chairman
12. The People’ s voice Newspaper Chairman
13. Zimbabwe Broadcasting Corporation(ZBC) Chairman
14. Zimbabwe Football Association(ZIFA) President
15. Surbaban Medical Centre Board Member
16. Simon V Muzenda Scholarship Foundation Treasurer
17. Jairos Jiri Association (for the disabled) Patron
18. Harare Union of Journalists Patron
19. Confederation of African Football(CAF) Committee Member
20. FIFA Committee Member
Besides his P.S.M.A.S role he is also the President of the Zimbabwe Football Association and is a keen follower of the beautiful game.
He sponsors a football tournament for both men and women, dedicated to the memory of his late wife, Slyvia.
Who else should we have included on the list?

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