NetOne board speaks on Muchenje return

By Staff reporter | 21 Feb 2019 at 22:46hrs
Muchenje
NETONE Cellular board chairman James Mutizwa says the company is pleased that a solution regarding the status of chief executive officer, Lazarus Muchenje, has been found, and is expecting him to continue the turnaround efforts that saw the parastatal recording its first month-on-month profit during his reign.

Mr Muchenje, who was suspended in August last year for alleged "gross misconduct" relating to how he handled expired contracts for nine senior managers, has since bounced back at the State-owned enterprise.

Mr Mutizwa told reporters on Wednesday that they are now hoping that the conclusion of Mr Muchenje's issue brings smiles to the company, and are now hoping that he will continue to steer the company to profitability.

"We are delighted at NetOne to have brought closure to the CEO matter that had subsisted over the past seven months.

"The expectation from the board is that NetOne will continue with its positive trajectory and should provide a return to the shareholder," said Mr Mutizwa.

The decision to bring him back was made by the recently appointed five-member board. It is unclear what the board considered before settling on bringing back Mr Muchenje. Apart from prominent lawyer Mr Mutizwa, the new NetOne board also consists of Miss Susan Muchaneta Mutangadura, the deputy chairperson; Mr Winston Makamure; Mr Mathias Rangarirai Mavhunga and Mr Paradzai Mutandwa Chakona.

Mr Muchenje is a chartered accountant by profession who has previously held the positions of group CEO at Intarget Group, FirstRand Bank Celpay International BV; executive head of sales (Vodacom SA); head of wireless application, sales and marketing director (Vodacom DRC) and founding finance director (Vodacom DRC).

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