MTN lures CEO from rival

21 June 2016 - 10:00 By BDLive

MTN's new CEO is Rob Shuter, who has been recruited from Vodacom's UK parent, Vodafone. "Rob, a South African, 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," MTN said yesterday.Phuthuma Nhleko, who has doubled as chairman and CEO since Sifiso Dabengwa's resignation in November, will revert to his role of non-executive chairman "as soon as Rob assumes his new position".Shuter will also be MTN's group president.Other appointments at MTN include that of Vodacom's chief officer for consumer business, Godfrey Motsa, who will join it as vice-president of its South and East Africa division.Motsa was previously CEO of Vodacom DRC Congo and CEO of Vodacom Lesotho. MTN has appointed three non-executive directors- Paul Hanratty, former Old Mutual chief operating officer; Stan Miller, former CEO of Dutch telephone company KPN, who was part of MTN's founding management team; and Nkunku Sowazi, Kagiso Tiso Holdings asset manager.An unnamed executive will join MTN on June 30 as vice-president of mergers, acquisitions and strategy."The appointee has a wealth of banking experience. His substantial commercial experience will assist in the formulation of a revised strategy, particularly in the area of convergence between mobile telephony and financial services," the company said.Nhleko said MTN had "weathered a rather difficult storm" and would continue to review its governance and management operating structures to ensure that it operated at an optimum level and continued to replenish management talent to ensure sustained growth.The appointments follow the successful resolution of the Nigerian dispute - the original $5.2-billion fine imposed by the government was settled for about $1.671-billion. ..

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