MTN has announced that Rob Shuter (pictured), headhunted from Vodacom’s UK parent, Vodafone, has been appointed new CEO. Shuter will also be MTN’s group president.
According to MTN, Phuthuma Nhleko, who has stood as chairman and CEO since Sifiso Dabengwa's resignation last November, will revert to his non-executive chairman role once Shuter takes over as CEO.
MTN said in a statement:
"Rob, a South African national, is the current CEO of the European cluster at Vodafone Group and has extensive experience in telecoms and banking, having held senior management roles at Vodacom Group, Standard Bank and Nedbank prior to joining Vodafone Group Rob may commence as soon as it is practically possible in 2017 but not later than 1 July 2017, after the completion of his current contractual obligations."
In addition to Shuter's appointment, MTN announced that Godfrey Motsa, previously CEO of Vodacom DRC Congo and CEO of Vodacom Lesotho, will be joining as vice-president of its South and East Africa (SEA) division. MTN has also appointed three new nonexecutive directors: Paul Hanratty, former Old Mutual COO; Stan Miller, former Dutch telephone company KPN CEO who was part of MTN's founding management team; and Nkunku Sowazi, Kagiso Tiso Holdings chairman.
These appointments follow the successful resolution of the long-ongoing Nigerian fine dispute, with the original $5.2 billion fine finally settled for around $1.67 billion.
- Stay connected, up to date and in the loop on what is happening in the world of finance and keep track of newly published expert insights and interviews with CFOs and CEOs. Become an online member and receive our newsletter, follow us on Twitter, like us on Facebook and join us on LinkedIn.
