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NetOne suspends CEO over decision not to renew managers' contracts

Wednesday 8 August 2018 | 10:01 CET | News

Zimbabwean operator NetOne’s board has suspended CEO Lazarus Muchenje with immediate effect over alleged gross misconduct relating to the manner he handled expired contracts for nine senior managers, reports The Herald. This relates to his decision not to renew contracts for nine senior members of management after their expiry, a decision the board of directors claims was taken irregularly and without their knowledge. 

Muchenje has since made an urgent chamber application to the High Court to declare nul the actions of the board of directors to rescind his decision not to renew the contracts. NetOne board chairman Peter Chingoka has now written to Muchenje advising of his suspension for an indefinite period without full pay and benefits, to facilitate an investigation into the allegations of gross misconduct.

During the period of the suspension, Chingoka said, the NetOne chief executive will not be allowed to visit the company's premises or conduct any company business without the authority of the board of directors.  Muchenje was also directed to return all company assets in his possession.


 



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Categories: Mobile & Wireless
Companies: NetOne
Countries: Zimbabwe
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