TelOne renews MD Chipo Mutasa’s contract

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TelOne has renewed its Managing Director, Chipo Mutasa‘s, contract days before her current four-year renewable deal was set to expire on 31 December 2016.

The late announcement of its decision to renew the MDs contract had brought much speculation over the future of the MD post as well as the fate of parastatal as she has largely been credited with its turnaround strategy that as seen it turn into an internet company from its old voice traditions.

Most notably, under the MDs stewardship, TelOne became profitable recording an operating profit of $8,2 million and a net profit of $5,8 million for its 2015 financial year, a huge achievement for any type of company operating in Zimbabwe.

The MD was probably notified or assured of the renewal months prior to the announcement today. Renewing a contract days before expiry is not a normal practice in any kind of establishment and it leaves a lot of investors and partners in the dark over the future of the parastatal.

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6 Comments

  1. Anonymous says:

    She is doing well. The first thing she did was to remove old horses who were stalling the company. Brought in new blood, a new culture eager to produce results. This was a key turnaround strategy.

  2. Macd Chip says:

    Well done TelOne, this is one lady l support to have her contract renewed. She is trying and results are there to prove her case.

  3. Lenox says:

    Well done Chipo! I wish the heads of other parastatals take a leaf from your manual.

  4. Anonymous says:

    Good job MD Chipo Mutasa. Keep it up.

  5. Josephine says:

    Well done Chip keep the flag high for the accounting profession. We tell them we can do it . Ho girl

  6. Josephine says:

    Well done Chip keep the flag high for the accounting profession. We tell them we can do it . go girl

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