Published: 08 July 2025

Meikles Limited has appointed Fayaz King as acting chairman, marking a significant leadership shift within one of Zimbabwe's most prominent conglomerates. The appointment comes as long-time chairman and controlling shareholder John Moxon steps aside from the chairmanship but remains on the board.

The board changes also see Moxon's son, Matthew Moxon, leaving the board, although he will continue in his position as managing director of Meikles' property division.

The restructuring follows a turbulent episode in December last year, when John Moxon controversially removed four board members after a public dispute over the company's strategic direction. That boardroom clash underscored tensions over the future of the business, which has undergone major changes in recent years.

Meikles, which derives most of its revenue from its stake in Pick n Pay Zimbabwe through TM Supermarkets, is also in the process of divesting from its hospitality interests. The company is finalising plans to sell its 50% shareholding in the iconic Victoria Falls Hotel business, signalling a possible strategic retreat from the tourism sector to focus on retail and real estate.

Fayaz King, the newly appointed acting chairman, is a seasoned executive with broad leadership experience. His elevation is seen as an attempt to stabilise the company's governance and rebuild investor confidence following the recent upheavals.

Meikles has long been a fixture in Zimbabwe's corporate landscape, with interests spanning retail, hospitality, and property development. Analysts will now be watching how the company navigates its next phase under King's interim leadership and amid ongoing changes to its asset portfolio.
- online

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