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TROUBLED telecommunications firm, Telecel Zimbabwe, has appointed Angeline Vere as its new chief executive officer. The company, whose future remains uncertain after its operating licence was cancelled by the Postal and Telecommunications Regulatory Authority of Zimbabwe in May, announced yesterday that Vere, who had been its general manager since 2013, had been elevated to the post.
Telecel has appealed to the government against the cancellation of its licence, with Information Communication Technology and Courier Services Minister Supa Mandiwanzira still to make a determination on the matter.
“The appointment of Angeline Vere is in line with the company’s equal employment opportunity and empowerment polices,” said Telecel chairman James Makamba, in a statement.
The appointment of Vere, who has 17 years in the telecommunications industry, appears targeted at appeasing the government which is demanding that the company complies with the country’s local ownership laws.
While Telecel is owned 60 percent by Russian firm VimpelCom, and 40 percent by locals, the country’s ownership laws require that Zimbabweans must hold a majority stake.
Vere is a holder of a law degree, as well as a diploma in finance and accounting.
Makamba said the “organisation gears itself to tackle exciting opportunities that are designed to unlock its true potential.”
Shareholder fights have seen a high turnover of CEOs at the firm in the last decade, among them Rex Chibesa, Aimable Mpore and Francis Mawindi. – New Ziana.
Online Reporter