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The <a href="https://www.pindula.co.zw/Grain_Marketing_Board">Grain Marketing Board (GMB)</a> has announced the appointment of Mr Clemence Guta as the acting chief executive officer (CEO) following the retirement of Mr Rockie Mutenha last month.
Guta’s tenure began on April 1, 2023.
Mr Mutenha was in charge of the organisation since May 2017 on a five-year contract which was extended by another year, ending on March 31 this year.
The retirement is being done in compliance with the GMB retirement policy.
In a notice to announce the appointment of the new CEO, the board, management and staff of GMB, thanked Mr Mutenha for his contribution to the organisation. Read the statement:
<blockquote>
Mr Mutenha provided leadership to the GMB during a period of significant business challenges and successfully achieved grain intake rebound from a low of 208 311 tonnes in 2016 to a high of 1 099 117 tonnes in 2021. 
He also successfully oversaw the rebranding of the GMB for the first time since its establishment in 1931.
</blockquote>
Guta was the GMB finance director since June 1, 2016, and at one stage was appointed operations director.
He previously held non-executive directorship positions in companies in the financial and medical insurance sectors. 
Guta is a qualified chartered accountant and a holder of a Bachelor of Accountancy Honours degree from the University of Zimbabwe.
He has over 25 years of experience at the senior management level in various sectors, including financial, manufacturing, distribution and insurance.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

GMB Announce Appointment Of New CEO

The <a href="https://www.pindula.co.zw/Justice_Mayor_Wadyajena">Justice Mayor Wadyajena</a>-led Parliamentary Portfolio Committee on Agriculture in parly yesterday quizzed GMAZ Chair Mr Tafadzwa Musarara and pointed out the different accounts over what happened to a $9 million loan which GMAZ is claiming it advanced to GMB to refurbish silos, GMB is denying they got the money from GMAZ but from members, Newsday reports.
<a href="https://www.pindula.co.zw/Tafadzwa_Musarara">Mr Musarara</a> directed Wadyajena to a video the president is saying Musarara gave GMB the money to refurbish the silos and even produced an audit report to substantiate his claims and further produced a term sheet from GMB to the GMAZ financial advisers MetBank, who facilitated the loan facility.
However, GMB denied receiving funds to refurbish silos from GMAZ despite Musarara’s claims and evidence. GMB’s MD Clemence Guta maintained his position after Musarara produced the report and said:
<blockquote>We never received any money from GMAZ and we repaired our silos using money from sales of maize to millers</blockquote>
According to the publication Wadyajena also dismissed Musarara’s paperwork:
<blockquote>Wadyajena insisted that the term sheet confirming the disbursement of the US$9 million should bear the term loan, not financing.</blockquote>
More: <a href="https://www.newsday.co.zw/2020/02/ed-sucked-into-us9m-gmb-saga/">Newsday</a>

Musarara Claims GMAZ Gave GMB $9 Million, GMB Says They Never Received Any Money From GMAZ

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