NetOne hunts for new CEO

NetOne hunts for new CEO
Published: 18 April 2017 (160 Views)


STATE-OWNED telecoms operator, NetOne is looking for a new chief executive officer following the dismissal of Reward Kangai last year on allegations of corruption.

Kangai was initially suspended and the company later terminated his contract.

Brian Mutandiro has been acting CEO since then.

In a vacancy notice published on Sunday, NetOne said the incumbent will report to the board of directors and will lead, in conjunction with the board, the development of the company's strategy to maximise shareholder value and enhance the positioning of the company.

It said the incumbent will lead and "oversee the implementation of NetOne's long and short-term plans in according with its strategy" and "establish parameters for expanding the range of products and services and for introducing new technologies in the business".

Interested candidates have up to May 5 to submit their applications.

Last year, ICT, Postal and Courier Services minister Supa Mandiwanzira promised to restructure the management at NetOne in a bid to resuscitate the ailing mobile operator.

The restructuring has seen the appointment of new executives and the company is set to relaunch its mobile money product.

Since his appointment as acting CEO, Mutandiro has steadied the NetOne ship, with the company closing in on Econet in terms of active subscribers.

Latest statistics from the Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) showed that NetOne's active subscriber base grew by 14% last year to 4 712 410 when rivals registered a drop in numbers.

Data from Potraz showed that in 2016, NetOne added 577 690 new active subscribers, while Econet and Telecel's numbers declined by341 787 and 114 387, respectively.

The growth in active subscribers saw NetOne's market share increasing to 36,6% in the fourth quarter ended December 31 up from 36,4% in the previous quarter.

Econet's market share was flat at 49,4%, while Telecel's share dropped to 14% in the quarter from 14,2% in the previous quarter.

Mobile revenue was up 2,4% to $199,2 million. The growth in revenue was spurred on by Econet, which saw its revenue growing by 4,2% in the fourth quarter of 2016 to $152 383 272.

Telecel and NetOne's revenues declined by 2,4% and 3,4% respectively.

- newsday

Tags: CEO, NetOne, Telecoms,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

PHOTO: Suspect signs police document 'Pasi neZanu'

by Moyo Roy | 27 April 2017 | 124 Views

WhatsApp expose love triangle among friends

by Staff reporter | 27 April 2017 | 114 Views

SAA strike leaves hundreds stranded at Victoria Falls Airport

by Staff reporter | 27 April 2017 | 95 Views

It's harder for a pastor to enter the Kingdom of Heaven

by Tendai Ruben Mbofana | 27 April 2017 | 86 Views

Brace for chilly winter, says Met department

by Staff reporter | 27 April 2017 | 82 Views

Fraud charges against Kadungure withdrawn

by Staff reporter | 27 April 2017 | 63 Views

Tsvangirai aide's $200,000 request granted

by Staff reporter | 27 April 2017 | 68 Views

Chaos, tension at Kasukuwere inquest

by Staff reporter | 27 April 2017 | 57 Views

Grace Mugabe's Women's league has 'no issue' with Kasukuwere

by Staff reporter | 27 April 2017 | 74 Views

Namibian President tours Zimbabwe National Heroes Acre

by Staff reporter | 27 April 2017 | 48 Views

Tsvangirai's MDC-T sued for $108,000

by Staff reporter | 27 April 2017 | 44 Views

PHOTO: Woman kneels for traffic cops

by Staff Reporter | 27 April 2017 | 90 Views

3 injured in road accident

by Staff reporter | 27 April 2017 | 65 Views

Kasukuwere strikes

by Staff reporter | 27 April 2017 | 72 Views

A muppet with a whistle and an audience: Response to Fikile Mbalula

by Prof Changamire | 27 April 2017 | 54 Views

The truth eludes Africa freedom

by Enos Denhere | 27 April 2017 | 48 Views

The fall of fixed water charges in Mabvuku

by Goodlife Mudzingwa | 27 April 2017 | 56 Views

Pokello and Elikem still hot items

by Staff Reporter | 27 April 2017 | 91 Views

Dr Dzamara, contesting 2018 with no reforms is madness - why do it

by Patrick Guramatunhu | 27 April 2017 | 65 Views

Mnangagwa's fighting spirit splendid- MDC official

by Stephen Jakes | 27 April 2017 | 119 Views

We celebrated the independence that never was- ZimFirst leader

by Stephen Jakes | 27 April 2017 | 62 Views

Zanu PF force villagers to contribute towards independence

by Stephen Jakes | 27 April 2017 | 53 Views

When scriptural fraud and spiritual illiteracy dominate at high levels

by Evangelist Reginald Thabani Gola | 27 April 2017 | 72 Views

Worship and Honour revisited: Kneeling-down in the presence of an anointed Man of God

by Evangelist Reginald Thabani Gola | 27 April 2017 | 62 Views

Namibia wants more power from 'powerless' Zimbabwe

by Staff reporter | 27 April 2017 | 50 Views

Zimbabwe spends $45 million on road rehabilitation

by Staff reporter | 27 April 2017 | 43 Views

BVR testing ends

by Staff reporter | 27 April 2017 | 55 Views

Zanu-PF acquires new properties

by Staff reporter | 27 April 2017 | 56 Views

Command livestock on the cards

by Staff reporter | 27 April 2017 | 36 Views

Zimbabwe's imports control saves $1 billion

by Staff reporter | 27 April 2017 | 50 Views

'Zanu-PF has launched terror campaign'

by Staff reporter | 27 April 2017 | 68 Views