Business Reporter
MUTAPA Gold Resources (MGR) has appointed Patrick Maseva-Shayawabaya as the new Chief Executive Officer.
This follows the stepping down of Trevor Barnard, who led Zimbabwe’s state-owned gold mining company through its establishment as a standalone entity just months ago who resigned as CEO.
The incoming CEO has over 30 years of experience in executive financial and operational management. Previous Notable Positions include Managing Director of Freda Rebecca Gold Mine,Finance Director at Bindura Nickel Corporation (BNC).
He has previously served in leadership roles at Kuvimba Mining House and previously at Zimplats and Shanta Gold. He is a seasoned Chartered Accountant and a member of the Institute of Chartered Accountants (Zimbabwe).
Barnard’s departure comes barely three months after Mutapa Gold Resources (MGR) was formally launched in February as the first of several mineral-specific companies carved out of the Mutapa Investment Fund’s mining portfolio in a sweeping restructuring that wound down Kuvimba Mining House.
In a letter to employees and stakeholders signed by board chairman Charles Chikaura, the company said Patrick Maseva-Shayawabaya, previously MGR’s chief finance officer and the KMH head of gold cluster, had been appointed substantive chief executive.
“On behalf of the board, we would like to express our sincere appreciation to Trevor for his dedicated service and leadership during his tenure,” Chikaura wrote.
“Trevor, who was previously Kuvimba Mining House CEO, played a significant role in strengthening KMH as well as MGR’s strategic direction, driving growth and overseeing key projects.”
The board expressed confidence in Maseva-Shayawabaya, saying he was “well-suited to take the company forward” and pledging full support for his leadership.
