ZSE extends Gadzikwa’s tenure to end January
SHAREHOLDERS of the Zimbabwe Stock Exchange (ZSE) have extended Eve Gadzikwa’s chairmanship at the local bourse by another three months as there have been delays in announcing a new board.
Information obtained shows that stockbrokers already have the names of the directors they want seconded on the board, while the other shareholder; the Ministry of Finance has not yet finalised its appointments.
Gadzikwa had stepped down from the ZSE Board last month after the expiry of her four year term together with board member Vimbai Nyemba. As a result, the ZSE currently doesn’t have a quorum to convene meetings.
Contacted for comment, Gadzikwa however said the move was a sign of confidence on the work she has done at the local bourse.
“The shareholders of the stock exchange have written to me extending my stay at the ZSE until end of January next year,” said Gadzikwa adding that: “I am excited and this shows the confidence they (shareholders) have in me. We achieved a number of milestones during my term of office.”
During her four-year tenure, Gadzikwa oversaw the entry of chief executive officer, Alban Chirume in 2013, who replaced the indefatigable Emmanuel Munyukwi, who had run the bourse for over a decade.
Gadzikwa also oversaw the automation of the ZSE trading platform, formulation of the new listing rules, setting up of the central securities depository, developing framework for alternative bourse for SMEs and the process of demutualisation of ZSE.
She has also overseen the launch of the ZSE data portal, the purchase of property in Highlands Park, development of framework for bond market and strong corporate governance culture among other successes. FinX
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