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MTN boss resigns

By on April 5, 2011

The  Board of Directors of MTN Group Limited has said that  following Mr Phuthuma Nhleko’s stepping down as Group President and CEO, he has resigned from all boards of the cellular network company.

The board said Nhleko, who has been with the company for nine and half years, has stepped down from the directorships of MTN Group Limited, MTN Dubai Limited, MTN South Africa, MTN Nigeria, Irancell and MTN Syria.

His resignation became effective from March 31, his last day as Group President and CEO of MTN.

MTN Group Chairman, Mr Cyril Ramaphosa and his Board of Directors thanked Mr Nhleko for his “immense contribution to the growth of the company during the past 10 years”.

Mr. Nhleko joined MTN in 2001 as Chairman, and was elevated to Group President and CEO a year later.

Commenting, Cyril Ramaphosa, Chairman of Mtn Group, said: “On behalf of the board, management and staff, I would like to thank Phuthuma for his outstanding vision and leadership over the past  eight years.

Under his tenure, MTN has grown into a leading emerging market success story and expanded to become the number one provider of mobile telecommunications services across Africa and the Middle East.

“Phuthuma’s commitment to continue to lead the business until a successor is in place is greatly appreciated and will ensure an effective and smooth process of transition.”

The Chairman continued: “Given Phuthuma`s knowledge and insights into MTN we have mutually agreed to explore other options for an ongoing association between Phuthuma and the group post his service as President and CEO.”

source : Tribune