NAPSA Director General Charles Mpundu has retired from his role as the head of the country’s largest public pension’s fund.
The reasons for Mr Mpundu’s retirement have not been stated.
According to a notice from the Lusaka Stock Exchange on behalf of ZAMBEEF, Mr Mpundu has resigned as a Non-Executive Director of the Company and will step down from the Board with immediate effect following his retirement from his role as Director General of NAPSA.
Mr Mpundu joined the NAPSA Board on 1st February 2014 as a Non-Executive Director representing local Zambian institutional shareholders.
Zambeef Chairman, Dr Jacob Mwanza said Mr Mpundu’s expertise and knowledge of the Zambian market has been greatly valued over his nearly two years on the Board.
‘We are very grateful to him for his significant contribution to Zambeef’s growth and expansion in the period and we wish him well for the future.’
Late President Michael Sata appointed Mr Mpundu as Director General of NAPSA in April 2012.