JOHANNESBURG Dec 7 South African mobile phone
group MTN said on Wednesday it had appointed three new
executives who will join its new chief executive and finance
head next year, part of a management overhaul after its first
MTN agreed in June to pay a 330 billion naira ($1.05 billion
at the time) fine in a settlement with Nigeria for missing a
deadline to cut off unregistered SIM cards from its network,
pushing the company into the red for the first time.
MTN has tapped former chief executive of Vodafone's
German business Jens Schulte-Bockum as its new chief operating
officer and First National Bank's Bernice Samuels as marketing
BT Global Services chief executive Oliver Fortuin will take
on the role of executive head of business enterprise, MTN said.
Executive chairman Phuthuma Nhleko said the appointments
were part of a large scale transformation and operational review
Nhleko, who stepped in a acting chief executive shortly
after Nigerian regulators hit the group with a record fine,
launched an overhaul of the business that is seeking new revenue
streams such as mobile banking in big markets like Nigeria.
Rob Shuter will take over as chief executive in March, while
Ralph Mupita will join him as finance head in
Schulte-Bockum and Samuels are set to start in January and
Fortuin in March, MTN said.
(Reporting by TJ Strydom. Editing Jane Merriman)