Zimbabwe: NetOne Board Insists On CEO’s Suspension - Reports
Zimbabwe’s mobile operator, NetOne’s CEO, Lazarus Muchenje remains suspended despite the relief order that was granted by the High Court last week to halt the board from going ahead with a disciplinary hearing, the company has said.
The telco wrote a letter to Muchenje through its lawyers last week Thursday advising that the High Court order only prevented the board from pursuing a disciplinary hearing, but that he still remains suspended.
In the letter, Muchenje was requested to vacate NetOne’s premises as was still not allowed to access any NetOne office or communicate with any NetOne employees, according to instructions from the court.
Muchenje was suspended in February this year for alleged negligence and incompetence.
However, the CEO approached the courts seeking an order to cancel the board’s decision to suspend him, saying that the board meeting was not appropriately constituted.
The matter was heard by Justice Chirawu-Mugomba, who ruled in favour of Mr Muchenje, preventing the board from conducting a disciplinary hearing.
The state-owned entity is the country’s second-largest mobile operator with approximately three million subscribers.
Insiders believe that the company’s rapidly falling revenue this year can be linked to the boardroom squabbles, which started in January.
The infighting has thus far resulted in the resignation of the Board Chairperson James Mutizwa as well as two other board members.
Credit: This article originated from www.nehandaradio.com