New MTN CEO to start in March 2017

Johannesburg - Africa’s biggest mobile network by subscribers MTN says banking and telecoms veteran Rob Shuter is scheduled to join as CEO of the company on March 13 2017.

In June this year, MTN said that Shuter would commence as soon as possible in 2017 but no later than July 1 2017.

Shuter is set to head up MTN after the company’s former CEO Sifiso Dabengwa quit last year amid a multi-billion dollar telecoms fine in Nigeria.

In the interim, MTN Group Executive Chairman, Phuthuma Nhleko, has been running MTN, which operates across Africa and the Middle East and has over 200 million subscribers.

“With the completion of my two key mandates of settling the Nigerian regulatory fine and appointing a new Group President and CEO I will revert to my role as non-executive chairman as soon as Rob assumes his position as Group President and CEO on 13 March 2017,” Nhleko said in a quarterly update published by the company.

“In the interim, whilst I will continue as executive chairman to provide oversight, I will delegate more operational responsibilities to Gunter Engling, acting CFO and Stephen Van Coller, VP M&A and Strategy.

“I will also ensure that all outstanding senior management appointments are completed and the new senior management team is fully settled in before year end,” he added.

Shuter is the current CEO of the European Cluster at Vodafone Group. He previously held senior management roles at Vodacom Group, Standard Bank and Nedbank prior to joining Vodafone Group.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
Rand - Pound
Rand - Euro
Rand - Aus dollar
Rand - Yen
Brent Crude
Top 40
All Share
Resource 10
Industrial 25
Financial 15
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot