Nhleko stepped down as CEO of MTN Group at the end of March 2011, having been appointed in 2002, with Sifiso Dabengwa taking over his role.
His appointment as chairman of the company was confirmed at MTN’s annual general meeting on Tuesday (28 May).
Ramaphosa stepped down from his position as a non-executive director and chairman of the mobile operator due to his election to the position of ANC deputy president at the ANC’s 53rd National Conference in Mangaung.
Ramaphosa was appointed to the MTN board in October 2001 and had served as chairman of the MTN Board since 2002. He was also chairman of the nominations committee as well as a member of the remuneration and human resources committee.
“The board welcomes the appointment of Mr Nhleko who previously served as a non-
executive director and chairman of MTN from July 2001 until June 2002 and thereafter as an executive director as well as group president and CEO until March 2011,” MTN said in a statement on Tuesday (28 May).
“It is the board´s belief that Mr Nhleko´s previous association with MTN and his experience in the telecommunications industry will benefit the group,” it said.