MTN in search of a new group CEO
MTN is currently seeking a new group CEO to take over from Phuthuma Nhleko (pictured), acting executive chairman. Addressing those gathered at MTN's recent annual results presentation, Nhleko said that finding the right group CEO was critical to MTN’s success.
Nhleko, a former MTN CEO, was elected in his current capacity only as a temporary measure, following Sifiso Dabengwa's resignation as group CEO in November last year. Nhleko became responsible for dealing with the Nigerian regulators regarding the R71-billion fine imposed on the telecoms provider in October 2015.
Dabengwa stepped down following news of the fine, saying he was resigning in the interests of the company and its shareholders. MTN Nigeria executives Michael Ikpoki, CEO, and Akinwale Goodluck, head of regulatory and corporate affairs, also stepped down at that time.