Government the major shareholder in Telecel with 60% stake and Economic Empowerment (EC) are set to announce their new board, which to many will be a shocker as former Telecel Chief Executive Officer (CEO) Mr Francis Mawindi is amongst the members
Impeccable sources told #Mondayblues that the ministry of ICT nominated its top candidates namely Selby Hwacha, Barbara Rwodzi and Francis Mawindi to represent their interests in the board while the Empowerment Corporation who refused to sell to government has put up three names towards the board, these are James Makamba, Jane Mutasa and Gerald Nqobile Mlothswa.
James Makamba still holds the position of chairman. The most sensational aspect to this new board is the presence of Mawindi who was the ex CEO and Gerald Nqobile Mlothswa.
However, it still remains unknown whether the Empowerment Council will submit more names for consideration in the board considering that the current picture puts them in a very precarious position and government holds biggest voice in the board.
Telecel has been operating without a board for some time and the new developments will give birth to a new direction for the Mobile Network Operator.
In 2010, the then board of directors announced that it was suspending acting chairperson, Jane Mutasa, from the board to enable her to defend herself against the criminal charges that had been leveled against her.