Board Of Fund
- Home
- Board Of Fund
Subject to the provisions of the Pensions and Provident Funds Act and the Fund’s Rules, the sole responsibility for the management of the Fund shall be vested in the Board of Fund whose address shall be at the registered office of the Fund. The Board of Fund shall consist of nine (9) persons who shall hold office for a period of at most five years and will be eligible for re-election subject to a maximum of two terms. Of the eight Board Members, the participating employers must elect four board members two of whom shall be independent and the other four should be elected by the employees and pensioners and two of whom shall also be independent. The elected board members shall not be members of National Employment Council of Construction Industry in Zimbabwe. The Board of Fund shall be led by an independent Chairperson who will have been appointed by Board of Fund of the Fund.
The CIPF Board of Fund mandate among other duties is to:
- Ensure that there are proper internal controls which are adhered by or on behalf of the Board
- Ensure proper record keeping and management of the Fund
- Ensure that the Rules and regulations of the Fund comply with the Pensions and Provident Funds Act.
- Ensure that there is proper information dissemination to all members of CIPF concerning their rights, duties and benefits in terms of the CIPF Rules
- Ensure that pension contributions are remitted timeously to the Fund in terms of the Pensions and Provident Funds Act.
- Ensure prudent investment of the fund’s resources for the benefit of the membership.
Mr. Enock Chineuruve
Mr. Enock Chineuruve is the Independent Expert Board Member and Board Chairperson of the Construction Industry Pension Fund (CIPF). He holds a Master of Business Administration from the University of Zimbabwe, a Bachelor of Commerce Honours Degree in Economics, and a Certificate of Proficiency in Pension Scheme Trusteeship (COP). Mr. Chineuruve has extensive experience in pensions administration, investment management, and financial services, having served as Head – Life and Pensions Administration, Account Executive/Portfolio Manager at Doves, Trustee at Marsh Zimbabwe Pension Fund, and Pensions and Benefits Claims Officer at LAPF. His wealth of expertise in pension fund governance and administration enables him to provide strategic leadership and independent oversight to the Fund. As Board Chairperson, he provides leadership to the Board in the execution of its governance responsibilities and also serves as a Member of the Investments Committee, contributing to the oversight of the Fund’s investment strategy and long-term financial sustainability
Engineer Ephraim Gwindingwi
Ephraim is a holder of Masters in Business Administration, Bachelor of Technology (Hons) Civil Engineering and a Post Graduate Diploma in Project Management. He is a member of the Engineering Council of Zimbabwe and also a Corporate Member of the Zimbabwe Institute of Engineers. Currently, he is the Managing Director of EG Construction since 2001 having worked for Bitumen Construction Services from 1990 to 1991 as a Site Engineer, then Gulliver Consolidated from 1991 to 1995, Stocks & Stocks Zimbabwe, from 1996 to 2000. He was involved in various construction projects such as Mteri Dam, Seke Dam, Selebi-Phikwe pipeline in Botswana, Bak Storage Container Depot and Biri Dam. Ephraim is married with two children.
Mrs. Enjula Mpofu
Enjulas is an Employee Board member and an investment Committee member of the board. Other posts she held include Chairperson – Women’s Affairs and Treasurer. Mpofu also sat in the ZCTU Women’s Advisory Council (WAC). She is employed by J&F Contractors.
Dr. Fozert Mugabe
Forzert is an Employee Trustee and is ZCATWU Deputy Secretary General. She is the Chairperson of the Remuneration Committee and is also a member of the Risk Committee of the Board. Forzert joined the construction sector in 1981 as an employee of the Trade Union and rose through the ranks to her current post.
Amb. Dr. Obert J Z Sibanda
Obert re-joined the Construction Industry Pension Fund (CIPF) Board of Fund during the last quarter of 2013. He is an Employer Board member and has over 30 years’ experience in the industry. He is the Remuneration and Nominations Committee Chairperson, and is a member of the Risk and Compliance committee. He is currently the Chief Executive Officer of Reliance Holdings Incorporated.
Mr. Gidion Magaramombe
Gidion is a holder of M.Sc. Industrial Relations and Personnel Management, B.Sc. Economics-Upper Class Honours (Majoring in Industrial Relations) and Certificate for Distance Education Practitioners). He is a Senior Lecturer at Zimbabwe Open University (ZOU) Faculty of Commerce & Law and has over 35 years’ experience in area of people management in private, parastatal and educational sectors as practitioner, trainer and lecturer. Once worked as an Assistant Personnel Officer, Principal IR Officer, Chief IR Officer, Chief Recruitment Officer, Manager IR & Employee Welfare and was the Dean of Faculty (Commerce & Law at ZOU) 2003-2008. Gidion has lectured at ZOU, Bindura University of Science Education and University of Zimbabwe. In addition, he has supervised over 100 MBA dissertations and extensive experience in module writing for both under-graduate and post-graduate students at ZOU, did research works and published articles in Zimbabwean professional journals-(Human Resources Management, Labour Relations Information Service, Management News) and in the Business Herald.
Eng. Ramson M. Nherera
Engineer Nherera is an Employer Trustee and joined the Board of Trustees in March, 2014. He is a member of the Audit Committee . EngNherera is a Civil Engineer having graduated at the University of Zimbabwe in 1992 and has over 20 years of experience in the Construction industry. He is a Director with Mak Bokano Construction. He is the President of Zimbabwe Building Contractors Association (ZBCA). Eng Nherera has presided over numerous construction projects over the years both as an employee and as an entrepreneur.
Mitchelle T. Madyira
Mitchelle T. Madyira, is the chairperson of the Audit Committee and a member of the Risk and Compliance Committee. Mitchelle is currently the Finance Executive at First Mutual Life Assurance Company (since October 2021) brings eight years of senior leadership experience from both Ernst & Young and First Mutual Life. Her expertise spans financial management, system evaluation, and local taxation, complemented by a deep understanding of international Financial Reporting Standards (IFRS).
Reach us on WhatsApp