News / National
Newsday parent company fires CEO - rumour
14 Jul 2015 at 15:28hrs | Views
There are reports that ALPHA Media Holding (AMH) - the publishers of NewsDay, the Zimbabwe Independent and The Standard - is due to announce the sacking of its publisher Rita Chinyoka today at 4pm here in Harare. Vincent Kahiya, NewsDay's current Group editor-in-Chief, is allegedly the acting Publisher.
AMH is owned 61% by Trevor Ncube through Vusumuzi Investments and 39% by Media Development Investment Fund.
Bulawayo24.com understands that an urgent briefing has been called at 4pm.
However, it is not clear whether Chikonya has been sacked or opted to resign.
She took over from Raphael Khumalo and introduced a raft of controversial changes.
Prior to her appointment, Chinyoka was AMH commercial director, a position she assumed in 2012 having joined the group from Edgars where she was brand executive.
Under Chinyoka's leadership, the fourth publication the Southern Eye collapsed barely two years into circulation. Allegations are that Chinyoka, who has specialised in human resources management, general management and marketing as well as management training, has collapsed the company. Word from insiders is that her decisions were counter productive as she was hiring wrong people for top positions.
In 2014, Chinyoka, admitted that the company is going through a lean spell and warned workers to brace for tough times ahead.
AMH, like most companies in Zimbabwe, is going through hard times. Last year, the company merged the Newsday, The Standard and Independent newsrooms in an effort to reduce operational costs.
The company also stopped paying DSTV subscriptions for management and slashed petrol allowances for top executives to between 15 and 50 litres a month for senior managers.
Chinyoka is a seasoned business executive with over 20 years working experience gained in Zimbabwe and abroad. As AMH Publisher (CEO), she oversaw Zimbabwe's largest independent newspaper group which prints, markets and distributes four publications on various platforms including print, online and mobile.
Prior to joining AMH, Rita served in various top management assignments across a number of industries including Transport, Tourism, Retail, Health and Media. She worked as a brand and marketing executive for Edgars Stores Limited and for several companies in the United Kingdom, including London Transport.
Her strength of leadership and tenacity has seen her climb the corporate ladder to hold positions such as Commercial Director, Brand & Marketing Executive, Operations Executive, Training & Development Manager, Human Resources Consultant, and Customer Services Executive.
When she joined in 2012, Chinyoka said, "My vision is to turn AMH into a world class media organisation. I want to ensure that it provides a product that Zimbabwe can be proud of. With continuous improvement, we can do it."
Rita holds an MA in Human Resources Management, a Post Graduate Diploma in Personnel Management, Certificate in Personnel Management, Diploma in Management Studies and a Diploma in Marketing.
AMH is owned 61% by Trevor Ncube through Vusumuzi Investments and 39% by Media Development Investment Fund.
Bulawayo24.com understands that an urgent briefing has been called at 4pm.
However, it is not clear whether Chikonya has been sacked or opted to resign.
She took over from Raphael Khumalo and introduced a raft of controversial changes.
Prior to her appointment, Chinyoka was AMH commercial director, a position she assumed in 2012 having joined the group from Edgars where she was brand executive.
Under Chinyoka's leadership, the fourth publication the Southern Eye collapsed barely two years into circulation. Allegations are that Chinyoka, who has specialised in human resources management, general management and marketing as well as management training, has collapsed the company. Word from insiders is that her decisions were counter productive as she was hiring wrong people for top positions.
In 2014, Chinyoka, admitted that the company is going through a lean spell and warned workers to brace for tough times ahead.
AMH, like most companies in Zimbabwe, is going through hard times. Last year, the company merged the Newsday, The Standard and Independent newsrooms in an effort to reduce operational costs.
The company also stopped paying DSTV subscriptions for management and slashed petrol allowances for top executives to between 15 and 50 litres a month for senior managers.
Chinyoka is a seasoned business executive with over 20 years working experience gained in Zimbabwe and abroad. As AMH Publisher (CEO), she oversaw Zimbabwe's largest independent newspaper group which prints, markets and distributes four publications on various platforms including print, online and mobile.
Prior to joining AMH, Rita served in various top management assignments across a number of industries including Transport, Tourism, Retail, Health and Media. She worked as a brand and marketing executive for Edgars Stores Limited and for several companies in the United Kingdom, including London Transport.
Her strength of leadership and tenacity has seen her climb the corporate ladder to hold positions such as Commercial Director, Brand & Marketing Executive, Operations Executive, Training & Development Manager, Human Resources Consultant, and Customer Services Executive.
When she joined in 2012, Chinyoka said, "My vision is to turn AMH into a world class media organisation. I want to ensure that it provides a product that Zimbabwe can be proud of. With continuous improvement, we can do it."
Rita holds an MA in Human Resources Management, a Post Graduate Diploma in Personnel Management, Certificate in Personnel Management, Diploma in Management Studies and a Diploma in Marketing.
Source - Byo24News
