NetOne CEO Lazarus Muchenje Suspended After Suing ICT Minister, Office Of The President

 

Lazarus Muchenje, the chief executive officer of state-owned mobile network operator NetOne has been suspended with immediate effect. Muchenje was suspended after he sued Minister of ICT and Cyber Security Supa Mandiwanzira, 6 NetOne board members, 9 NetOne executives and the Office of the President and Cabinet for allegedly flouting corporate governance rules by interfering in the running of NetOne. This follows the reinstatement of 9 executives by the NetOne board after they had previously been fired by Muchenje.

Muchenje was suspended by the NetOne board for exercising poor corporate governance in the sacking of the nine senior managers. He is also alleged to have challenged the board’s authority on the issue of senior management. Muchenje was replaced by Nkosinathi Ncube the Managing Director for Mobile Financial Services who has been appointed as the Acting Chief Executive Office.

More: TechZim

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