10 August 2018
State-owned mobile telecoms firm, NetOne's board of directors, has suspended the company's chief executive officer (CEO) Lazarus Muchenje with immediate effect over alleged gross misconduct relating to the manner he handled expired contracts for nine senior managers. Mr Muchenje's alleged gross misconduct related 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.
Ali Al Hashemi, who has led Yahsat Government Solutions, Yahsat's specialised unit fulfilling defense and governmental client requirements, for the past few years is announced as the new CEO of Thuraya, while former CEO Ahmed Al Shamsi will remain as Advisor to the CEO. Ali Al Hashemi, will at the same time continue to be General Manager of Yahsat Government Solutions. Commenting on the Thuraya acquisition, Masood M. Sharif Mahmood, CEO of Yahsat stated: "The Thuraya acquisition provides us with an ideal opportunity to grow and diversify our business, bolstering our satellite solutions capabilities on both government and commercial fronts.
Altron has announced that one of its longest-serving executives and founder, Dr Bill Venter, has retired.
Altron said Venter, who founded the company in 1965, left his position as a non-executive director yesterday. He stepped down as non-executive chairperson in February last year. Altron said Venter had been an integral part of its operations since he, as a 33-year-old telecommunications engineer, and several colleagues founded United Electric, which was renamed Allied Electric.