Gambakwe Media sources have exclusively revealed that Larfage Zimbabwe CEO, Precious Nyika, was fired after she authorized the building of 250 houses, using employee’s pensions.
Speaking on condition of anonymity, the source said this was done without the approval of the board, resulting in Precious being fired with immediate effect.
Precious announced the housing project on. Linkedn less than a month ago. The source said using employees pension funds in the way that Larfage did was illegal under Zimbabwean law.
Writing on LinkedIn after she was fired, Precious said:
“This month, I conclude an incredible journey with Lafarge. As I look ahead to my new challenge, I am grateful to have been part of the team for the past 10 years.
It has been a decade of transformation, innovation and growth. The last two years have been exhilarating. I relished the opportunity of churning out new cement and Dry Mortar products , rolling out cutting-edge digital solutions, new construction technologies , building mass affordable housing units and building new manufacturing plants to tap into the growth of the Zimbabwean market.
I am blessed to have worked with an exceptional team that believed in the ambitious vision we were gunning for. The Lafarge Zimbabwe team is a passionate and relentless winning team. I will always remember how the team rallied together when the chips were down…..Fighting to win like there is no tomorrow. Thank you for the memories.#headbowed
I am thankful to the Lafarge Cement Zimbabwe Board , Management and Staff for their unwavering support during my time with the unit. I look forward to interacting with you in future endeavours.”
Precious had served 18 months as the CEO of Lafarge, after her promotion from the HR Executive role .