New Zimbabwe (London)

3 May 2014

Zimbabwe: TM Supermarkets Boss Shown Exit Door

MEIKLES Limited on Friday announced the departure of TM Supermarkets Managing Director Dave Mill from the group in what they termed at "pre-retirement leave with immediate effect".

However, information gathered suggests Mill was shown the door in a management "shake up" which will see other managers being reassigned or leaving the group.

Officials at Meikles said could not comment beyond the cautionary statement issued to shareholders.

A copy of the announcement signed by a Meikles spokesperson read: "Meikles would like to advise our clients, suppliers and stakeholders that the Managing Director of TM Supermarkets, David Mills has assumed pre-retirement leave with immediate effect.

"Mr Mills was due to retire shortly and his pre-retirement leave facilitates an early but orderly leadership transition over the next few months."

TM Supermarkets is part of the retail arm of Meikles Limited, a listed concern on the Zimbabwe Stock Exchange (ZSE). The retailer comprises of a branch network of 50 stores country wide.

"Meikles Limited is currently involved in a careful process of identifying a suitable candidate with the right skills for the position of Managing Director who will lead TM Supermarkets as a preferred supplier and leader in the Food and Grocery Retail market in Zimbabwe," read the statement.

The spokesperson said since establishment in 1978, TM Supermarkets had remained committed to building and maintaining strong relationships with suppliers, customers and all stakeholders.

"We would like to assure our valued suppliers, customers and stakeholders that this leadership transition will strengthen the already existing professional relationship with our suppliers and stakeholders and give real value always to our customers," the company said.

Ads by Google

Copyright © 2014 New Zimbabwe. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.