HomeNewsMeikles board chair resigns

Meikles board chair resigns

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Meikles Africa chairman Farai Rwodzi, who rescued the group from internecine battles which posed a great threat to its continued existence, has resigned, NewsDay has it on terra firma.

Rwodzi, an astute businessman who stepped down yesterday, had been at the helm of the hotel group since 2009 at a time when the organisation was going through challenging times. Impeccable sources last night said Rwodzi would pave way for the return of business magnate John Moxon, the owner on the group, with immediate effect.

“Rwodzi felt that he had played his role, especially after the ugly demerger of Kingdom Meikles Africa, to take the group where it is now. It is his view that now that has been done, he should move on,” sources said.

Contacted for comment, Rwodzi said: “An official statement will be issued in due course if such a development has taken place.” Government has since de-specified Moxon alongside fellow business moguls SMM’s Mutumwa Mawere and Telecel chairman James Makamba.

Information reaching NewsDay is that Rwodzi played a significant role in ensuring the group wiggled out of its quagmire which could have cost many Zimbabweans jobs.

Sources indicated although the board wanted Rwodzi to stay put, he had other ideas.

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