The South African telecoms company, MTN, said its group President and Chief Executive Officer, Rob Shuter, would be stepping down from his role at the end of his contract in March 2021.
The company said it would implement its succession plan this year and ensure a seamless handover to the new group president and CEO, in its full-year financial report for the period ended December 31, 2019.
Commenting on the results, Shuter said the group delivered commercial momentum across its operations despite challenging trading conditions in South Africa due to prevailing economic conditions and new data usage rules. “We launched MoMo in South Africa and Afghanistan and received our super-agent licence in Nigeria, registering more than 100 000 agents by year-end. We also delivered R14 billion of asset realisations within the first 12 months of our programme and MTN Nigeria listed on the Nigeria Stock Exchange.”
MTN said its chief technology and IT officer, Charles Molapisi, had been appointed to the group executive committee and the fixed contract of the group chief operations officer, Jens Schulte-Bockum, had been extended until 31 March 2022.
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