NYASHA Zhou has been appointed chief executive officer of PG Industries (Zimbabwe) Ltd. His appointment took effect on February 1.
The chairman of PG Industries,
Friedbert Lutz, said Zhou’s appointment follows the retirement of Gerald Mujaji at the end of January who also relinquished his seat on the board. Mujaji held the position up to March 2003.
Zhou joined the PG group in 1998 and was appointed to the main board as finance director.
After the restructuring of the group into three subsidiaries, Zhou was appointed chief operating officer for PG Merchandising, a post he held until his recent elevation.
“Under his leadership, the merchandising division has attained significant growth in turnover, profitability and free cash generation,” said Lutz.
Zhou qualified as a chartered accountant in 1983 after serving articles of clerkship with Deloitte & Touche where he rose to the position of partner before joining the PG group in July 1998.
He holds a Bachelor of Accountancy (Honors) degree from the University of Zimbabwe and a Masters in Business Leadership from the Unisa School of Business Leadership.
He is also a council member of the Institute of Chartered Accountants (Zimbabwe).
Zhou’s strengths lie in strategic leadership and the application of a hands-on approach to operations management.
He also has a keen passion for good corporate governance and is a conference presenter on the subject. Lutz said Zhou’s mission was to turn around the group’s fortunes and enhance shareholder value. He also said the PG board was grateful to Mujaji for his contribution to the group over the past 23 years.