Seed Co Limited, Zimbabwe’s biggest seed producer, has implemented a major management shake-up that has seen the departure of two senior executives and two managers following a wide-ranging internal business review.
The restructuring affected critical functions within the group’s strategy, commercial and technical divisions, as the company repositions itself for long-term competitiveness.
Chief executive officer Mr Morgan Nzwere said the review was undertaken to ensure that the organisation’s structure remains relevant, agile and capable of supporting future growth.
“As part of this process, we assessed whether certain roles and competencies continue to align with our evolving strategic direction,” Mr Nzwere said, adding that some senior positions no longer fitted the company’s current needs.
Those exiting the company include strategy implementation executive Mr Patrick Mutandwa, commercial director Ms Locadia Ganjani, processing and artificial drier manager Mr Tirivashe Vushemasimba, key accounts manager Ms Christine Mumbire, and public relations and media officer Ms Patience Phiri.
Also leaving the group is Mr Patrick Spadin, who was the Africa agro-transformation manager and Limagrain representative. Mr Spadin previously served Seed Co as a non-executive director before taking up an executive role.
Mr Nzwere emphasised that the changes should not be interpreted as a company-wide retrenchment exercise.
“This was a targeted organisational alignment exercise, which we routinely conduct to confirm that our structure supports our strategic objectives,” he said.
The restructuring comes at a time when the company’s financial performance has been under pressure. Seed Co recorded revenues of US$11.6 million for the half year ending September 2025, representing a 39 percent decline compared to the same period last year.
Management attributed the downturn mainly to changes in the agricultural calendar, a reduced winter wheat planting season and lower export volumes following improved seed availability in regional markets.
Mr Nzwere described the first half of the year as a phase of “strategic adjustment and disciplined execution,” noting that conditions have started to stabilise.
“The operating environment is showing signs of improvement, supported by better price stability, easing inflation and growing confidence across the market,” he said.
Also read: Pulserate Lithium Accused of ‘Name-Dropping’ Senior Officials to Seize Mining Claims
Despite subdued trading, the company maintained operating expenses at levels consistent with the prior year, reflecting strict cost management within a fully dollarised cost structure.
Seed Co also reported a return to positive cash flows, driven by improved working capital controls, stronger debt collection efforts and tighter inventory management. However, finance costs rose as the company relied on short-term borrowing to cover delays in payments from debtors.
Management says it remains focused on preserving value while accelerating innovation and product development to strengthen the business going forward.
For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606.
