MTN has announced a restructuring in its top brass as they disclose plans for an International Advisory Board (IAB).
The MTN Group Board opines that MTN is in a good place which allows it change the Board members, given recent challenges in the regulatory environments and competitive trading conditions.
Below are the changes announced by MTN over the next 12 months:
The Chairman of MTN Group, Phuthuma Nhleko will step down from the Board on 15 December 2019.
Mcebisi Jonas has been appointed Chairman-Designate and will become Chairman of MTN Group effective 15 December 2019.
Dr. Khotso Mokhele takes responsibilities of Lead Independent Director with effect from 15 December 2019.
Alan Harper, Jeff Van Rooyen and Koosum Kaylan will step down from the Board on 15 Dec 2019.
Peter Mageza and Dawn Marole will step down from the Board effective 30 April 2020.
“Further to the above, we are pleased to welcome onto the Board His Royal Highness Sanusi Lamido Sanusi and Vincent Rague with effect from 1 July 2019”, a statement issued by the MTN Group Corporate Affairs unit said.
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 several senior positions.
The Board has also resolved to establish an International Advisory Board (IAB) of prominent persons of considerable and wide-ranging experience.
The primary purpose of the IAB will be to help the MTN Group in a non-statutory nature from time to time to fulfil its vision of being one of the premier African corporations with a global footprint in telecommunications.
The IAB will commence on 1 July 2019 and will be chaired by His Excellency former President of the Republic of South Africa, Mr. Thabo Mbeki and will be constituted of the following persons:
- His Excellency President John Kufuor, former President of Ghana
- Dr. Aisha Abdullahi, former African Union Commissioner for Political Affairs
- 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, Chairman of MTN Group.