TechnoMag can exclusively reveal that Mr Lazarus Muchenje has been appointed NetOne Chief Executive Officer, effective April 1, 2018, ending the long hunt for a new CEO for the Mobile Network Operator.
Muchenje who has spent the better part of his life, seven years to be precise at Vodacom, will be assuming the new role at the state-owned entity
Mr Brain Mutandiro who had served as the company’s Acting CEO, will be returning to his former Chief operating officer post, paving way for the new boss, a development which comes as a shocker to many.
The incumbent will have to learn the ropes, before flying off the State-owned Enterprises to new heights.
His experience with the telecoms sector is highly anticipated to drive the MNO to profitability, taking out NetOne out of the woods .
His challenge is real, driving NetOne to profitability after years of recording negative in the balance sheet, he has the current management to thank as he comes in just after the clean up of traditional old guards and system.
Facing off giants like Econet is no walk in the park, fortunately again, he becomes the first-ever CEO to run NetOne after it has received significant investment from the Huawei Backed loan.
Before the recent appointment as NetOne CEO he was the Group CEO for Intarget Group, a post he held from 2014 till now.
He has won many top accolades, but chief amongst them is the 2012, African personality of the year for outstanding promotion of electronic transactions on the African continent.
Before that appointment, he has been the Group CEO for FirstRand bank CelPay international from 2005-2013.
Lazarus Muchenje also served as Chief Executive Officer of Celpay International BV, an affiliate of Celpay Zambia Limited.
The great part of his career was dedicated at Vodacom from 1998 to 2005.
Mr Muchenje holds an Honours degree in Accounting Sciences from the University of South Africa (UNISA) and he is a fully qualified Chartered Accountant, with ICAZ accredited in England and Wales, South Africa and in Zimbabwe.