Innscor's imports CEO

Antonio Fourie's capabilities as chief executive to one of the country's iconic companies, Innscor Africa have been put under the spotlight following the recent resignation of long serving chairman David Morgan.

Although Morgan's departure is due to retirement, well-placed sources said the current restructuring, which is being spearheaded by majority shareholder Zed Koudonaris, ignited the decision as he had served for a couple more years regardless of the retirement need.

Fourie who had been a consultant at the group, however his appointment has not been well received in the market with the majority questioning why the company's majority shareholder has resorted to importing skills when Zimbabwe boasts of rich skills base.

Fourie is not yet resident in Zimbabwe and analysts say Innscor was sending out the wrong message by employing a commuting South African to be in charge in Zimbabwe.

Economist Joseph Sagwati said Fourie failed to run SA furniture company Ellerines.