HomeBusiness DigestZimtrade in hunt for new boss

Zimtrade in hunt for new boss

Staff Writer

ZIMTRADE has begun hunting for a new chief executive officer to replace Freddy Chawasarira who was axed from his post last week amid allegations of financial indiscipline.

Chawasarira was axed following a boardroom coup, which also claimed the post of former board chairman Peter Muzariri.

Chawasarira was fired on allegations of failing to account for funds he used during a number of foreign trips.

It is also alleged that during some of the trips he travelled with the chairman and when asked to produce receipts simply said: “I was travelling with the chairman.”

Calisto Jokonya, one of Zimtrade’s board members, said Chawasarira had resigned amicably.

“The real issue is that the man resigned on his own,” Jokonya said. “Since I have been on the Zimtrade board for almost a year now I do not remember him travelling on an overseas trip with the chairman. He wanted to resign and we made a statement both electronically and in print which was the best way for both of us and it was an agreed position.”

Jokonya could not comment on when the vacant post of the chief executive would be filled.

“I do not have details on that. Talk to Florence Sigudu who was once at Metropolitan Bank. She is the one who is handling that issue.”

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