CBZ Holdings has announced a restructuring exercise across its group of companies, aimed at realigning the company with evolving market demands.
The restructuring process, described as part of broader efforts to “strengthen market position and ensure long-term sustainability,” involves major shifts at the executive level.
“The first phase of the process is at the executive level, resulting in the departure of thirteen (13) senior executives. The executives will go on garden leave starting 1 October 2024, with mutual termination of their contracts expected by 31 December 2024,” CBZ group chief executive officer Lawrence Nyazema said in a statement.