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Company News of Friday, May 3, 2019
Source: clbadfmonline.com
2019-05-03
Photo file
On Friday, May 3, 2019, the MTN Group announced important changes in the Board of Directors.
He also revealed his intention to create an International Advisory Committee (ICC).
The MTN Group's board of directors believes that MTN has entered a more stable and well-adjusted period, allowing it to evolve its mandate in light of the recent challenging regulatory environments and competitive market conditions.
The MTN group has announced the following changes to the board of directors over the next 12 months:
1. The MTN Group Chairman, Phuthuma Nhleko, who is expected to retire at the Annual General Meeting on May 23, 2019, will retire from the Board on December 15, 2019 after overseeing an orderly transition of the Board from place of the International Advisory Board.
2. Mcebisi Jonas has been appointed President-Elect and will badume the duties of President of the MTN Group effective December 15, 2019.
3. Mr. Khotso Mokhele will badume the duties of Lead Independent Director effective December 15, 2019.
4. In addition, Alan Harper, Jeff Van Rooyen and Koosum Kaylan will leave the Board on December 15, 2019 following an orderly transition and transfer to the new directors.
5. Peter Mageza and Dawn Marole will retire from the Board effective April 30, 2020.
"As a result of the above, we are pleased to welcome to the Board His Royal Highness Sanusi Lamido Sanusi and Vincent Rague effective July 1, 2019," said a statement from the Corporate Affairs Division of the MTN Group.
His Royal Highness Sanusi Lamido Sanusi is a Nigerian national, the Emir of Kano and a former governor of the Central Bank of Nigeria.
Mr. Vincent Rague is a Kenyan national who worked for the International Finance Corporation for 24 years in various management positions.
"We are confident that new directors will bring to the Board a wealth of experience, a diversity of skills and a regional experience."
Establishment of an international advisory council
The Council also decided to create an international advisory committee composed of personalities with considerable and diversified experience. The main objective of the IAB will be to advise, guide and badist the MTN Group from time to time in achieving its vision and its goal of being one of the largest African companies with a global footprint in the sector. telecommunications, thus contributing to increased digital inclusion in Africa. the Middle East, a crucial aspect of the fourth industrial revolution.
While the IAB will have a non-statutory character and will have no fiduciary responsibility, it will make a significant contribution and play a very important role in ensuring that the board is guided and helped to realize the vision of the organization. society in a technically complex world characterized by uncertainties. and changing geopolitical interests. The IAB will begin on July 1, 2019.
The ICC will be chaired by His Excellency the former President of the Republic of South Africa, Mr. Thabo Mbeki, and will consist of the following persons:
His Excellency President John Kufuor, former President of Ghana
• Dr. Aisha Abdullahi, former Commissioner for Political Affairs of the African Union
• Dr. Mohammed el Baradei, former director general of the International Atomic Energy Agency
• Dr. Momar Nguer, President of Marketing & Services Total S.A. (France)
• Phuthuma Nhleko, President of MTN Group
MTN Group Chairman Phuthuma Nhleko said, "The MTN Group highly appreciates and thanks the directors of the MTN Group who will retire after many years of valuable service to the group. We are confident that the new Board Directors will bring a depth of skills and a regional vision that will continue to enrich the Board's experience. "
"We are very privileged and honored that His Excellency the former President of the Republic of South Africa, Mr. Thabo Mbeki, has agreed to preside over the ICC and to be grateful to all the eminent personalities of the ICC who have agreed to give their valuable time. contribute to the development of telecommunications and connectivity in Africa and the Middle East. "
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