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20 March 2020

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Zimbabwe: NetOne Board Insists On CEO’s Suspension

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.

Source: Nehanda Radio www.nehandaradio.com

 

Spacecom Appoints Dan Zajicek New CEO

Spacecom (Tel Aviv Stock Exchange: SCC), operator of the AMOS satellite fleet, announces that Mr. Dan Zajicek has been appointed by the board of director’s as the company’s new Chief Executive Officer. His appointment officially begins on 1 April 2020.

Mr. Itzik Shnaiberg, who has served as Acting CEO since 1 January 2020, will return to his Deputy CEO position at that time. The board of directors wishes to thank Shnaiberg for filling the CEO position during this transition period.

Zajicek comes to Spacecom from Satcom Systems, owner of Gilat Satcom, where he served as CEO from 2012, after fulfilling senior management positions in the international satellite services industry. At Bezeq International he served as VP responsible for Regulatory Affairs, International Business Development and HR as well as VP of its Business Development unit and CFO. Holding an BA with Honors in Economics and Business Administration and an MBA from the Hebrew University in Jerusalem, Zajicek also served as Senior Deputy Director General of Israel’s Communications Ministry and in the National Budget Unit of Israel’s Finance Ministry.

“I am very excited to join Spacecom,” commented Zajicek. “With four satellites serving communities in four different regions, and with three of those satellites servicing Africa, Spacecom is moving forward in meeting its long-term business goals. We have a bright future in our fast-moving business environment, and I will bring our competitive advantages to the fore and keep the company advancing into growing markets.”

Spacecom’s newest satellite, AMOS-17 located at the 17 East orbital position over Africa, offers the continent digital payload capabilities with extensive C-Band HTS coverage, regional Ku-Band and steerable Ka-band HTS beams that can be combined to maximize throughput and efficiency. It’s unique tri-band digital payload offers secure and resilient satcom solutions connecting Africa, Asia, Europe and the Middle East.