PSMAS boss ‘fired’
PREMIER Service Medical Aid Society (PSMAS) managing director, Henry Mandishona, has been sent on forced leave pending investigations by the PSMAS board into the organisation’s operations.
Mandishona (37), a human capital expert and business consultant who was appointed to the position on May 1, could be on his way out after serving as MD for only four months.
According to a letter signed by the company secretary and legal advisor, Cosmas Mukwesha, today (September 4), Mandishona is expected to have vacated his office by end of business.
“On behalf of the PSMAS Board of Director, I write to advise you that Managing Director Mr Henry Mandishona has been sent on forced leave with immediate effect pending investigations which the board wants to conduct in elations to his office,” reads the letter in part.
Mandishona took over from former Psmas Chief Executive Officer Cuthbert Dube who was reportedly earning about US$500 000 dollars in salary and perks from the group. He was reportedly earning a salary of US$40 000 per month, almost four times the US$11 000 he should be getting under the new remuneration structure.
“You shall be advised of further developments on this matter in due course. In the meanwhile, the board is appealing to all of us to remain focussed on our core-businessnamely, to diligently service the generality of our membership,” said Mukwesha in the letter.
Before his appointment he was group human resources director of Public Service Medical Investments (PSMI) a subsidiary of PSMAS which he joined in 2006 as an assistant huma resources manager before rising through the ranks.
After the new remuneration structure, Psmas had reduced its wage bill by 96 percent or US$6 million.