MTN Group has moved to appoint a new chief executive officer. The company announced to shareholders on Monday morning that its board has voted to appoint Rob Shuter as its new group president and CEO.
Shuter is set to head up MTN after the company’s former CEO Sifiso Dabengwa quit last year and was replaced by Phuthuma Nhleko, who temporarily took over. He will revert to his role as non-executive chairman as soon as Shuter starts his new role.
MTN Group said in an official statement: “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.
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 realize its full potential.”
- Further appointment of a new VP M&A and Strategy will be effective 1 October 2016. Godfrey Motsa has also 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.
- Appointment of additional non executive directors: Paul Hanratty, Stan Miller, Nkululeko Sowazi.