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Thursday, March 28, 2024
HomeTechBreaking: NetOne Appoints Nkosinathi Ncube As Acting CEO

Breaking: NetOne Appoints Nkosinathi Ncube As Acting CEO

State owned mobile network operator NetOne has appointed its managing director for mobile financial services Nkosinathi Ncube as the company’s Acting Chief Executive Officer with immediate effect.

Ncube’s latest appointment is no doubt the NetOne board’s decision to stabilize operations at the parastatal after the recent suspension of substantive chief executive officer Lazarus Muchenje.

Muchenje has been suspended with immediate effect under heavy conditions of no salary and other benefits. His suspension was invoked by the board after he took a drastic action of firing nine executives without proper consultation with the NetOne board.

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To make matters worse for him, Muchenje went further to challenge the authority of the board’s decision to reverse his executive dismissals which included chief operating officer Brian Mutandiro who has been the operator’s acting Chief Executive Officer for the past three years.

Exactly a forty night ago, Muchenje dismissed nine executives which included chief operating officer Brian Mutandiro and chief finance officer Sibusisiwe Ndhlovu. The NetOne board has however ordered a reversal of the firings and  reinstatement of the executives citing lack of due consultations.

Lazarus Muchenje has moved in to sue NetOne, its six board members, the nine fired executives,  Supa Mandiwanzira who is the Minister of Information Communication Technology and Cybersecurity and the chief secretary to the Office of the President and Cabinet.

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Shingie Lev Muringi is a Technology Analyst & Digital Media Strategist by profession. He is a qualified Cisco Certified Network Engineer & a BTech. E-Commerce alumni with the Harare Institute of Technology. Shingie is a very passionate technology enthusiast who is driven by a burning desire to be a leading strategist in this digital revolution era where every organization needs to impress the paradigm shift with urgency. He has previously worked for TN Holdings, Steward Bank, Econet Wireless - Ecocash and TechnoMag before joining 263Chat as a Journalist

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