You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App
Join our mailing list to receive top business news every weekday morning.

MTN Group CEO to step down next year

At the end of his fixed four-year contract.
Rob Shuter, CEO of MTN Group. Image: Chris Ratcliffe, Bloomberg

MTN Group CEO Rob Shuter will step down from his role at the end of his fixed four-year contract in March 2021, he announced in a conference call on Wednesday morning.

Shuter didn’t immediately say why he would not seek to stay on beyond that date.

In a statement alongside MTN’s annual results, published before markets open in Johannesburg, the group said: “Under his leadership significant progress has been made, including establishing and effectively communicating a clear vision and strategy, driving the resolution of a number of complex matters and delivering significant improvements in transformation, operational performance and staff morale.

“The board, led by the chairman, will manage the succession process and expects to conclude this during the year, thus enabling a seamless handover.”

Group chief technology and IT officer Charles Molapisi has been appointed to the group executive committee, reporting to the group president and CEO and the fixed contract of the group chief operations officer, Jens Schulte-Bockum, has been extended until 31 March 2022.  — (c) 2020 NewsCentral Media

Duncan McLeod is editor at TechCentral.

This article was first published on TechCentral here.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   4

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.

SIGN IN SIGN UP

I don’t blame him, so many behind the scenes shenanigans going on with MTN.

I have it on good authority that this man has been driven crazy having to deal with African authorities

A pity that he is leaving. he is competent and had to fix mess after mess of the previous management team who were little more than self enriching mediocrity.

Should try and keep him-he has vision and execution ability

Mmmmm no he is worse than the previous management, in fact he failed. The state of MTN is bad, failed to capitalize on the misery of Telkom and Cell. Did absolutely nothing.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: