Sign In or Register | Wednesday, June 19, 2019
AfricaTeam,   6/22/2016 7:41:30 AM Add AfricaTeam as a Friend | Send Message
Africa See Profile
MTN Group Appoints Rob Shuter As President & Chief Executive Officer

 MTN announced the appointment of Rob Shuter, a top Vodafone executive, as its new CEO, as the African operator draws a line under its long-running dispute with the Nigerian government. Shuter, who is currently serving as chief executive of Vodafone’s European cluster, will join the South Africa based company “as soon as it is practically possible from 2017”, but no later than 1 July next year, after he fulfils his contractual obligations, MTN said in a statement.

 
 
Along with the appointment of Shuter, MTN also announced other new additions to its executive team, including Godfrey Motsa, who has been poached from Vodafone’s African subsidiary Vodacom, to become its new VP of south and east Africa.
A new VP M&A and strategy, who will start in October, will also be announced at the end of this month. And the company named new non-executive directors, as part of a move to refresh its board.
 
 
“The MTN group board advises that following the successful resolution of the Nigerian dispute, it has completed the review of its governance and management structures in accordance with its undertaking to do so,” the company said.
Earlier this month, MTN agreed to pay nearly $1.7 billion in fines over the next three years, a substantial decrease from the initial $5.2 billion it was ordered to pay the Nigerian government for failing to register almost 5.1 million subscribers using its network in the country.
 
MTN Press Release:
 
South Africa | 20/6/2016
 
1. INTRODUCTION
 
The MTN Group Board advises that following the successful resolution of the Nigerian dispute, it has completed the review of its governance and management structures in accordance with its undertaking to do so. The appointment of new executives and the expansion of the roles of others, together with the appointment of additional non-executive directors, details of which are set out hereunder, will achieve the objective of strengthening management, enhancing governance and aiding strategy in the Group.
 
2. APPOINTMENT OF GROUP PRESIDENT AND CEO
 
The Company is pleased to advise that after conducting an extensive global search for a candidate suited to the demands of the Group’s future strategy, the Board has resolved to appoint Rob Shuter as the new Group President and CEO. 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. 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. 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.
 
3. APPOINTMENT OF VP M&A and STRATEGY
 
With a view to increasing the Company’s focus on new revenue streams MTN is pleased to announce the appointment of a new VP M&A and Strategy effective 1 October 2016. 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 30 June 2016.
 
4. APPOINTMENT OF VP SOUTH & EAST AFRICA
 
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 1 July 2016. 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.
 
5. APPOINTMENT OF ADDITIONAL NON EXECUTIVE DIRECTORS
 
The Company resolved to refresh the board, deepening the commercial experience on both the Group and MTN SA boards with a view to improving the risk and governance profile of the group. The Company is pleased to announce the following new board appointments, which the Company believes will contribute to the company achieving these objectives:-
 
5.1. MTN Group – with effect 1 August 2016
5.1.1. Paul Hanratty Paul is a veteran of Old Mutual, which he joined in 1984. He is an experienced executive director of a FTSE 100 financial services group with interests in insurance, asset management and banking in the UK, US, Africa, Asia and Latin America. Paul has extensive M&A experience in multiple countries, including four insurance acquisitions in Sub Saharan Africa. Paul brings listed and unlisted board experience including chairing boards in South Africa, Sweden and the UK, and he has devised and implemented growth strategies for businesses in the UK, South Africa and Africa. Paul is also the Chairman of the Emerging Markets Board, which is the regulated board for all SA life, P&C and asset management interests, as well as the African, Asian and Latin American businesses.
 
5.1.2. Stan Miller
Currently working with Len Blavatnik in London and Capital Group in New York, Stan is also an executive Chairman for MTS, their telecommunications conglomerate which covers investments in multiple emerging countries.
Stan has extensive commercial experience, having spent nearly 20 years as a divisional Chief Executive with standalone responsibility, latterly as Chief Executive Officer of International for KPN. Stan has successfully expanded the KPN through a number of MVNOs. At KPN he was responsible for its mobile activities in Germany, Belgium and abroad. He also served as Chairman of E- Plus and BASE where he introduced a strategy that changed the business model, creating significant value of over Euro 7bn for KPN for its shareholders.
Before relocating from South Africa, Stan was part of M-Net founding management team then subsequently joined Nethold where he served in various senior management roles before becoming Chief Executive Officer.
 
5.1.3. Nkululeko (“Nkunku”) Sowazi
Nkunku Sowazi was born in Soweto, was educated in Swaziland and then in the US (Los Angeles) when he obtained a MSc in Urban Planning. After his return to SA in 1991, he joined Kagiso Trust, then the Urban Development Trust, before joining Tiso and setting up his own fund. Thereafter, he led the merger with Kagiso Trust to form KTH.
 
KTH is a leading black-owned investment company with in excess of R15 billion in assets and a net asset value of R10 billion, KTH has a strong and diversified asset portfolio covering the resources, industrial, media, financial services, healthcare, facilities management, property and information technology sectors in SA, the UK, Ghana and Nigeria. One of its divisions, Kagiso Asset Management, has R50 billion under management.
Nkunku has had significant exposure to listed and non-listed Boards, with owner managers or with professional managers, and as Board Director has has had varied and extensive experiences in M&A and management transformation. He sat on the Nominations Committee, Audit & Risk Committees at Exxaro, Aveng and now Grindrod, where he is an independent Director for one of the very first times in his long and respected career.
 
5.2. MTN South Africa – with effect 1 July 2016
 
MTN is also pleased to announce the appointment to the board of MTN South Africa, which is a wholly owned subsidiary of MTN :-
Mike Harper, Lerato Phalatse, Mike Bosman and Trudy Makhaya.
The extensive commercial experience of these additional directors will greatly benefit MTN South Africa.
 
6. CHAIRMAN
 
Phuthuma Nhleko assumed the position of Executive Chairman on 9 November 2015 in order to resolve the very difficult challenges that the company experienced at the time. Given the appointment of Rob Shuter as Group President and CEO, Phuthuma will revert to his role as non executive Chairman as soon as Rob assumes his new position as soon as is practicably possible. Until then, in order 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.
 
7. Other
Chairman said – “MTN has weathered a rather difficult storm and will continue to review its governance and management operating structure to ensure that it operates at an optimum level and continues to replenish management talent to ensure a sustained growth of the business. I warmly welcome Rob Shuter, the new VP M&A and Strategy, Godfrey Motsa and all the new non executive directors to MTN Group and MTN South Africa. I am confident that with the calibre of Rob Shuter as CEO, the group will resume its path to playing its rightful role in increasing connectivity and accelerating convergence across Africa and the Middle East.”
 
Rob Shuter said – “I am honoured to have the opportunity and look forward to working with Phuthuma and the MTN Group board to ensure that we build on a strong foundation laid over the last 15 – 20 years for the Group to realise its full potential.”
- Issued by MTN Group Corporate Affairs
 
 
 
About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 April 2016, MTN recorded 230.3 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at, www.mtnbusiness.com and www.mtn.com.
 
 
For more information, please contact:
Chris Maroleng on 083 222 2249, chris.maroleng@mtn.com or mtngrouppressoffice@mtn.com
Twitter: @MTNGroup
 
 
 

 

Tags:MTN Group Appoints Rob Shuter As President & Chief Executive Officer
Bookmark and Share Email Email to Friends Print Print
0
Comments(0)
Please Sign In  or Register  to post a comment.
UserName:
Password:

 
Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular



Push
Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
CountryTopicComments
Kenya ‘Kenya is the hotbed where all the writing happens. There is high unemployment and a job working from home is coveted. They have good English and low overheads. ‘There are thousands of people in Kenya whose job is to write essays for cheating students. There are several writers in every apartment block.’      0
Madagascar What part of Africa (City/Town) would you guys love to travel to? What would be the ideal price from your location, to your intended destination bearing in mind things like cost of living & other expenses?      0
Mozambique In 2004 A summit of African leaders was thrown into confusion when Mozambique's President Joaquim Chissano addressed the meeting in an African language "Swahili."      1
Egypt Which African team do you expect to progress farthest in the 2018 FIFA Soccer World Cup in Russia?      2
Morocco Morocco Loses 2026 World Cup Hosting Bid To USA, Canada, and Mexico      1
Tanzania Tanzania's biggest online forum "Jamii Forums" @JamiiForums forced to shut down temporarily because of Tanzania Communications Regulatory Authority (TCRA)      1
Latest Polls
Links
Tags
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2016-2017 Africa Updates Inc. All rights reserved