MTN announces new CEO after ‘weathering a rather difficult storm’

Over a week after resolving its dispute with the Nigerian Communication Commission, telecommunications giant, MTN, on Monday, appointed a new Chief Executive Officer and Group President.

The announcement was contained in a statement released by the telecoms company.

The statement said the new group President and CEO, Rob Shuter, will take over next year.

Shuter, a South African, is the current CEO of Vodafone (Europe).

He will take over from the current executive chairman Phuthuma Nhleko, who came on board last year in the face of the fine slammed on the company by the Nigerian government.

Nhleko will go back to his previous role as the non-executive chairman when Shuter takes over.

MTN in its statement said, “following the successful resolution of the Nigerian dispute, it has completed the review of its governance and management structures.”

“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 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.”

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