MTN Group announced that its group president and CEO, Rob Shuter, will be stepping down from his role at the end of his contract in March 2021. Shuter has served as MTN CEO since March 2017.
The announcement of his departure follows the recent replacement of his predecessor, Phuthuma Nhleko, as chairman of MTN and a reassembly of the company's board.
In addition, MTN Group Chief Technology and IT Officer, Charles Molapisi, has been appointed to the group executive committee. The fixed contract of the Group Chief Operations Officer Jens Schulte-Bockum has been extended until 31 March 2022.
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 MTN board thanks Rob for the contribution he has made, and continues to make, to MTN. The board, led by the chairman, will manage the succession process and expects to conclude this during the year, thus enabling a seamless handover.”