EcoCash Holdings Zimbabwe Limited (EHZL) has announced a significant leadership restructuring, with the appointment of Tawanda Nyambirai as Group CEO, succeeding the resigning Eddie Chibi.
This change comes alongside a mass resignation of eight board members, including board chair Sherree Gladys Shereni and key executive Darlington Mandivenga.
Nyambirai, a long-time associate of Econet and former owner of Steward Bank, takes the helm during this period of transition.
Ten new directors have been appointed to the board, signaling a potential shift in strategic direction for EHZL, a dominant player in Zimbabwe’s digital payments sector.
The extensive board reshuffle prompts speculation about the company’s future under Nyambirai’s leadership, particularly given his close relationship with Econet founder Strive Masiyiwa.
Investors will be keenly observing how this leadership transition influences EcoCash’s operations and competitive landscape.
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