ART chief executive quits


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Amalgamated Regional Trading (ART)’s chief executive, Tapiwa Ameer has quit the group, two years after his appointment, the company has said.

Art has appointed Milton Macheka as the acting chief executive with effect from March 1.

Macheka is the Batteries Division managing director, a position he inherited from Ameer on his promotion two years ago.

“He (Macheka) has wide manufacturing and marketing experience drawn from over 20 years in chemicals, glass and plastic industries both within Zimbabwe and the Southern Africa region,” said the company in a statement.

Ameer left ‘to pursue other interests,’  the company said.

For the full year to September 2016, the company posted $1.9 million profit after tax from a loss of $590 000 in the prior year.

At the firm’s annual general meeting on February 24, Ameer told shareholders that operating profit for the four months to January was at $1.4 million.- The Source

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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