The Board of MTN Group yesterday approved the appointment of Rob Shuter as the new Group President and CEO. It said the appointment is ‘following the successful resolution of the Nigerian dispute.’ The telco added that it has completed the review of its governance and management structures in accordance with its undertaking to do so.
Rob may commence as soon as it is practically possible next year but not later than July 1 after the completion of his current contractual obligations, MTN Group 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.
Phuthuma Nhleko who assumed the position of Executive Chairman of the telco November 9 last year to resolve the very difficult challenges that the company experienced at the time will revert to his role as non-executive chairman as soon as Rob assumes his new position.
Until then, to facilitate a smooth transition, MTN Group CFO, Brett Goschen, and the new VP M&A and Strategy, will assume clearly defined additional responsibilities under the guidance of the Executive Chairman.
Phuthuma remains fully committed to the MTN Group and will continue to provide the necessary leadership as non-executive chairman for the next two and a half years when he plans to step down as Chairman, MTN added.
“MTN is confident that Rob will bring experience and new insights to the CEO role having had many years in the telecoms sector both in Africa and Europe as well as in banking where his expertise will help as MTN continues to develop its new business strategy,” the board said.
With a view to increasing the telco’s focus on new revenue streams, MTN also announced the appointment of a new VP M&A and Strategy effective October 1.
The appointee has a wealth of banking experience. His substantial commercial experience will assist in the formulation of a revised strategy for MTN, particularly in the area of convergence between mobile telephony and financial services. His name will be announced before June 30.
To enhance further the governance and depth of experience of the business operations, Godfrey Motsa has been appointed by the countries in the SEA Region (excluding South Africa) to oversee the operations in those regions with effect from July 1.
Godfrey joins from Vodacom where he was Chief Officer for Consumer Business. Godfrey was previously CEO of Vodacom DRC Congo and CEO of Vodacom Lesotho. He brings 10 years of experience of telecoms in the region to MTN. He has various other commercial experience.
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