Major management shake-up at MTN

MTN has announced a number of changes to its management team, after reviewing its operating structure.

The review come with a view to strengthening operational oversight, leadership, governance and regulatory compliance across its 22 country operations in Africa and the Middle East.

This follows a number regulatory challenges in a number of countries, including Uganda and Nigeria, where the company faces being sued and fined for billions of rands.

Effective 1 December 2015 Jyoti Desai assumed the new position of Group Chief Operating Officer, reporting to the Executive Chairman, Phuthuma Nhleko.

Her replacement as Group Chief Technology and Information Officer will be announced soon, MTN said.

Two regional Vice Presidents have also been appointed, also reporting to the Executive Chairman. The VP for West and Central Africa is Karl Toriola, with Ismail Jaroudi the VP for the Middle East and North Africa. The VP for South East Asia will be announced soon.

In Nigeria, where the group faces a $3.4 billion fine (R48.5 billion), MTN Nigeria’s CEO Michael Ikpoki and the head of Regulatory and Corporate Affairs Akinwale Goodluck have tendered their resignations with immediate effect.

They are replaced by Ferdi Moolman as MTN Nigeria CEO and Amina Oyagbola as its head of Regulatory and Corporate Affairs.

The search for the MTN Group CEO is underway and remains a priority, the group said.

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Major management shake-up at MTN