Harare, 26 February 2025 – Leading retail chain OK Zimbabwe has announced a major shake-up in its executive leadership following operational challenges that have necessitated a business restructuring process.
Thank you for reading this post, don't forget to subscribe!In an official statement released by the company’s board, OK Zimbabwe confirmed the voluntary departure of three senior executives, including Chief Executive Officer Maxen Phillip Karombo, Chief Financial Officer Phillimon Mushosho, and Supply Chain Director Knox Mupaya.
The leadership changes come at a time when the company has been struggling with performance issues in an increasingly dynamic and competitive market. In response, the board has appointed a team of experienced retail professionals on an interim basis to steer the company through its restructuring and turnaround phase. Willard Vimbai Zireva has been appointed as the new Chief Executive Officer, Alex Edgar Siyavora takes over as Chief Financial Officer, and Muzvidzwa Richard Chingaira will serve as Supply Chain Director.
The board expressed gratitude to the outgoing executives for their contributions during a challenging period and emphasized that the newly appointed team will be responsible for stabilizing and repositioning the company over the next six months while a search for permanent executive replacements is conducted.
The retail sector in Zimbabwe has faced significant economic pressures, including currency instability, supply chain disruptions, and shifting consumer spending habits. OK Zimbabwe’s decision to overhaul its leadership signals an urgent effort to restore operational efficiency and ensure sustainable growth in the face of these difficulties.
