OK Zimbabwe Limited has undertaken a leadership shake-up, dismissing senior executives and reinstating former managers to oversee a critical business review and restructuring process.
Among those returning is Willard Zireva, who previously retired in 2017, and Alex Siyavora, who led the company until 2021. The two will temporarily steer the retailer through this transition as it works to regain stability.
This decision follows the closure of four OK Zimbabwe stores and persistent stock shortages, reflecting broader challenges in the retail sector.
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The changes were confirmed in a statement dated February 26, 2025, issued by Company Secretary Margaret Munyuru.
As part of the restructuring, several top executives have exited the company, including CEO Maxen Phillip Karombo, CFO Phillimon Mushosho, and Supply Chain Director Knox Mupaya.
Stepping into leadership roles are:
🔹 Willard Vimbai Zireva – Chief Executive Officer (CEO)
🔹 Alex Edgar Siyavora – Chief Financial Officer (CFO)
🔹 Muzvidzwa Richard Chingaira – Supply Chain Director
In the official statement, Munyuru noted:
“The Board extends its gratitude to the outgoing executive team for their service during this difficult period. We also welcome back the leadership team tasked with stabilizing the company and driving a turnaround strategy over the next six months while we search for permanent executive replacements.”
OK Zimbabwe’s restructuring signals a pivotal moment for the company, as it seeks to navigate ongoing industry challenges and reposition itself for growth.
