Online ReporterThe Company has been facing operating challenges that have necessitated a comprehensive business
review and restructuring aimed at enhancing operational efficiency and driving sustainable growth
in a dynamic market.
Accordingly, the following changes have been implemented:
With immediate effect, the company announces the following changes:
i. The conclusion of voluntary separation agreements with the following Directors:
* Chief Executive Officer – Mr. Maxen Phillip Karombo;
* Chief Financial Officer – Mr. Phillimon Mushosho; and
* Supply Chain Director – Mr. Knox Mupaya.
ii. The appointment of a team of experienced retailers to assist the Board with the
restructuring and turnaround of the company and to be designated as follows:
* Chief Executive Officer – Mr. Willard Vimbai Zireva
* Chief Financial Officer – Mr. Alex Edgar Siyavora
* Supply Chain Director – Mr. Muzvidzwa Richard Chingaira
The Board would like to acknowledge the outgoing Executive team for their service through this
challenging period, and to welcome back the team reposed with the remit to stabilize and turn the
business around over the next six months whilst the Company engages in the process to identify the
executive replacements.
By Order of the Board
Margaret Munyuru (Mrs.)
Company Secretary
26 February 2025
