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MTN announces new group president and CEO, other appointments

MTN GroupMTN Group named Rob Shuter as president and CEO, effective as soon as it is practically possible in 2017 but not later than July 1, 2017.
Rob Shuter 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 announces 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.

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.

Mr. Motsa joins from Vodacom where he was Chief Officer for Consumer Business. Mr. 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.

MTN also announces appointments of additional non-executive directors.

Paul Hanratty 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.

Mr. Hanratty has extensive M&A experience in multiple countries, including four insurance acquisitions in Sub Saharan Africa. He 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.

Mr. Hanratty 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. He will join MTH on August 1, 2016.

Stan Miller currently working with Len Blavatnik in London and Capital Group in New York, is also an executive Chairman for MTS, their telecommunications conglomerate which covers investments in multiple emerging countries.

Mr. Miller 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. He 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.

Before relocating from South Africa, Mr. Miller 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.

Nkunku Sowazi 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.

Mr. Sowazi 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.

MTN announces the appointment of Mike Harper, Lerato Phalatse, Mike Bosman and Trudy Makhaya, to the board of MTN South Africa, which is a wholly owned subsidiary of MTN, effective July 1, 2016.

Given the appointment of Rob Shuter as Group President and CEO, Phuthuma Nhleko will revert to his role as non executive Chairman as soon as Mr. Shuter 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.

Mr. 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.




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