ART Holdings Limited has announced leadership changes at board level following the resignation of its chairman, signalling a new phase in the company’s governance transition.
In a statement to shareholders, the company confirmed that Dr Thomas Utete Wushe stepped down from his position as Board Chairman and member of the Board with effect from May 4, 2026.
“The Board of Directors of Art Corporation Limited wishes to advise shareholders that Dr. Thomas Utete Wushe has resigned from his position as Board Chairman and a member of the Board with effect from the 4th of May 2026,” the company said.
The board acknowledged Dr Wushe’s tenure, noting his leadership during a period marked by restructuring and strategic repositioning within the group.
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“The Board expresses its sincere appreciation to Dr Wushe for his leadership and contribution to the Company during a period of significant transition and reset for the Group,” the statement read.
Following the resignation, the board appointed Mr Mike Oakley as Acting Chairman while the company undertakes the process of selecting a substantive chairperson.
“The Board further advises that Mr Mike Oakley has been appointed Acting Chairman of the Board pending the appointment of a substantive Chairman. Shareholders will be advised of further developments in due course,” the company added.
The announcement was issued by company secretary A.M. Chingwecha on behalf of the board.
The leadership change comes as ART Holdings continues to navigate evolving market conditions and internal strategic adjustments aimed at strengthening operational performance and long-term growth.
Shares in ART Holdings were trading at 19.51 Zimbabwe Gold cents as at May 12, reflecting an 11.32 percent decline on the day.
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