DOBEK PATER, TELECOMMUNICATIONS ANALYST WITH AFRICA ANALYSIS
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The share price of Africa's largest mobile operator, MTN, rose 2.78 percent on the JSE after it announced several changes to its board in a bid to strengthen its executive team. The share closed at R105.30 on Friday.
MTN has appointed former deputy minister of finance Mcebisi Jonas as it’s chairperson-designate to replace Phuthuma Nhleko, who is stepping down in mid-December.
Jonas is no stranger to the MTN board. Last May, he was appointed as an independent non-executive director after being fired by then-president Jacob Zuma in 2017.
Nhleko has delayed his departure by six months to oversee the formation of the international advisory board (IAB), which he would serve as a member.
The five-member IAB will be chaired by former president Thabo Mbeki and will include former President of Ghana John Kufuor; Dr Aisha Abdullahi, former African Union commissioner for political affairs; Dr Mohammed el Baradei, former director general of the International Atomic Energy Agency; and Dr Momar Nguer, president of marketing and services Total SA.
MTN has appointed former deputy minister of finance Mcebisi Jonas as it’s chairperson-designate to replace Phuthuma Nhleko, who is stepping down in mid-December.
Jonas is no stranger to the MTN board. Last May, he was appointed as an independent non-executive director after being fired by then-president Jacob Zuma in 2017.
Nhleko has delayed his departure by six months to oversee the formation of the international advisory board (IAB), which he would serve as a member.
The five-member IAB will be chaired by former president Thabo Mbeki and will include former President of Ghana John Kufuor; Dr Aisha Abdullahi, former African Union commissioner for political affairs; Dr Mohammed el Baradei, former director general of the International Atomic Energy Agency; and Dr Momar Nguer, president of marketing and services Total SA.
