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The primary responsibility of the Board is to discharge its fiduciary responsibility to the shareholders and the Group. The Board is accordingly, the highest policy organ of the Group and sets its strategy. Meeting quarterly, the Board receives and acts on key information pertaining to the operations of Padenga.


The Board consists of two executive directors and three non-executive directors, comprising a cross-section of professionals and major shareholder representatives. The non-executive directors of Padenga comprise individuals with proven track records and a wide range of different skills and experience, which they employ for the Group’s benefit, and who also provide crucial independence and guidance in the Group’s strategic decision-making.

Non-Executive Chairman


Thembinkosi graduated from the University of Zimbabwe in 1978 majoring in Accounting, and subsequently joined Barclays Bank of Botswana at its Head Office in Gaborone.


Having returned to Zimbabwe in the early 1980’s he completed his articles of clerkship, qualifying as a Chartered Accountant. He has remained in the same profession since, and has worked in compliance and audit for the past 34 years at Schmulian and Sibanda. Thembinkosi currently sits on various boards of Stock Exchange listed Companies.


Thembinkosi currently chairs the Board of Edgars Stores Zimbabwe Limited and is also a trustee of several organisations. Preceding his appointment as Non-Executive Chairman, Thembinkosi was a Non-Executive Director from November 2010. 

Group Chief Executive Officer


Michael has been involved with the companies that preceded Innscor since 1982 and has held a number of executive positions within the Innscor Group since his appointment as a Director in 1994, including a period during which he served as Group Chief Executive Officer. He currently sits on three Committees of the Innscor Board. At various stages he has been a Director of companies that previously constituted the Agro-Processing Division of Innscor (namely Niloticus Division and Colcom Holdings Limited), as well as National Foods Holdings Limited. 

Group Chief Financial Officer


Oliver completed his tertiary education at the University of Zimbabwe where he attained a Bachelor of Accountancy Honours degree. He served his articles of Clerkship with the then Coopers and Lybrand and qualified as a Chartered Accountant. Since that time, he has worked for Lonrho Africa Limited, and Manica Africa, heading up their audit departments. Oliver joined Innscor in 1999 and was tasked with setting up Innscor’s internal audit department before leaving to join First Mutual Zimbabwe in 2001. He re-joined Innscor in 2004 as the Financial Director of their Niloticus Division and has continued in a similar position since the Company was separately listed in 2010.


Oliver also sits on the Board of Dallaglio (Pvt) Ltd as a non-executive Director.

Non-Executive Director


Sternford holds Bachelor of Laws (Honours) and LLB (Distinction) degrees from the University of Zimbabwe. He is the Senior Partner and Chairman of the law firm Scanlen and Holderness which he joined in 1981. Sternford’s areas of expertise include Mining, Corporate and Commercial Law. In 2021, Sternford was appointed as the President of the International Bar Association, becoming the first person of African descent to hold this prestigious position.


He is a former Chairman of Stanbic Bank Zimbabwe Limited, former Chairman of Schweppes Zimbabwe Limited, Chairman of Delta Corporation Ltd, Director of Alpha Media Holdings Limited, Director of PPC Zimbabwe Limited and sits on the board of PPC’s Rwandan subsidiary, Cinerwa Plc. Sternford is the former President of both the Law Society of Zimbabwe and the Southern African Development Community Lawyers' Association, former Co-Chairperson of the Human Rights Institute of the International Bar Association and the African Regional Forum of the International Bar Association.


Sternford is also currently the Chairman of the Board of Padenga’s Mining Business, Dallaglio.

Non-Executive Director


Evlyn is a highly respected and experienced Chartered Accountant. She has worked for a number of companies, including Delta Corporation Limited, Star Africa Corporation Limited and African Consolidated Resources Limited, as Chief Financial Officer. She sits on the Boards of Schweppes Holdings Africa Limited, Standard Chartered Bank Zimbabwe Limited, First Mutual Holdings Limited and First Mutual Properties Limited and chairs their respective Board Audit Committees.    

Non-Executive Director


Michael holds an MSc in Business Leadership and Change Management from the Leeds Metropolitan University. He is a former Executive Director-Treasury & Investment Banking at CBZ Holdings Ltd, with over 14 years in the financial services industry.


The Executive Management of Padenga Holdings Limited is put in place to oversee the management and operations of both the Divisions. This ensures that both divisions are managed in partnership with each other and no one division receives more or less attention at the expense of the other.


Group Chief Executive Officer


Group Chief Financial Officer 

"Building a successful business requires a combination of human capital, financial resources, market opportunity, persistence and community support."

Andrew Yang

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