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MTN appoints new president and CEO

By Bekithemba Ndebele

One of South African leading network service provide MTN has recent announced the appointment of a new CEO.

The network has been facing challenges with its outlet in Nigeria. MTN was fined by the Nigerian government, 5.2 billion dollars for its failure to shut down unregestered sim cards when ordered to do so by the Nigerian authorities.

The fine was later reduced by 25% . However MTN choosed to take the matter into the Nigerian courts.

MTN has announced that it has appointed Rob Shuter as the new Group President and CEO of the company. The announcement came after they successful resolved the issue in Nigeria.

Shuter is appointed to replace MTN Executive Chairman, Phuthuma Nhleko. Nhleko stepped in as acting CEO of the company to proactively deal with the Nigerian regulatory authorities following the resignation of Sifiso Dabengwa as group CEO in November 2015.

Credit: Businesstech | Rob Shuter
Credit: Businesstech | Rob Shuter

Shuter has experience in telecom and banking. He has been CEO of Vodafone Netherlands since April 2012 and in October 2015 his role was expanded to include other European countries.

The corporate announced in June that “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.”

Shuter expressed his feeling over the appointment.

“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,” Shutter said.

 

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