ACR sacks CEO in growing worrying trend

ACR sacks CEO in growing worrying trend
Published: 31 March 2014
African Consolidated Resources, which is on the verge of beginning what it terms the country's largest open cast gold operation, recently fired its chief executive officer, Craig Hutton, under unclear circumstances.

The development, which was announced to the market on March 7, has naturally put the prospecting company under the spotlight as it comes hardly a year after the resignation of the chief financial officer and chief executive officer of the local unit, Eve Mkondo.

Similarly, lawyer Lloyd Manokore, who was the vice- chairman and a director of the local subsidiary, also parted ways with the firm on February 21.

His duties were assumed by Neville Nicolau, while Mkondo has since been replaced by Charles Maiwasha.

It is believed that Manokore will soon be replaced by "another Zimbabwean in view of the company’s substantial interests in that country."
- Sunday Mail
Tags: ACR, CEO,


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