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The MTN group has appointed former South African Deputy Finance Minister, Mcebisi Jonas, to the post of President-Elect, as part of a reshuffle of the board of directors, the provider said Friday. telecommunications.
Jonas will badume the role of chairman of the MTN group as of December 15, once its chairman, Phuthuma Nhleko, will step down, said MTN in a statement.
In addition to Jonas, MTN has appointed Lamido Sanusi, former governor of the Central Bank of Nigeria, and Vincent Rague, a Kenyan national, who has held various senior positions at the International Finance Corporation for 24 years.
Alan Harper, Jeff Van Rooyen and Koosum Kaylan will retire from the board on December 15, and Peter Mageza and Dawn Marole on April 30, 2020.
"In recent years, the MTN group has experienced difficult regulatory environments and very competitive market conditions," he said, adding that the board also managed the transition of senior executives over the course of the year. the period.
"The board is of the opinion that MTN Group has entered a more stable and stable phase, which allows it to influence the evolution of the board."
At 08:53 GMT, MTN shares were up 2.58% to 106.17 rand.
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