Agriterra finance director Daniel Cassiano-Silva will step down at the end of December but remain on the board as a non-executive director.
The company said it had started the process to find a suitable candidate to assume responsibility for the financial function during an interim period while it looked to hire a full time Mozambique-based group finance director.
Agriterra said that chief operating officer Brendan Scott had agreed to take on the position of acting chief executive to support the local management team as they sought to implement the company's development strategies.
Agriterra said it intended to hire a permanent CEO (also based in Mozambique) in the coming months, at which point Scott would revert to his current position of COO.
At 9:58am: (LON:AGTA) Agriterra Ltd share price was -0.01p at 0.2p