The appointment of the new CEO at MTN Group is soon to be finalised, Africa and the Middle East’s largest mobile phone group said.
“The succession process for the MTN Group CEO role is on track and MTN expects to make an announcement in this regard in the next 4 to 8 weeks,” the company informed investors on Friday.
“Current Group CEO Rob Shuter will complete his fixed four-year contract in March 2021 as announced earlier this year and this timing will enable a seamless handover to his successor.”
In March, MTN announced Shuter would step down.
Shuter joined MTN from Vodafone in 2016 to replace Sifiso Dabengwa.
Shuter is also a former CEO of Vodafone Netherlands and ex-Vodacom chief financial officer. He has extensive experience in telecoms and banking having held senior management roles at Vodacom Group, Standard Bank and Nedbank prior to joining Vodafone Group. For more read: MTN taps Rob Shuter as new CEO
Shuter has been appointed as CEO of UK telecommunications company BT Group’s enterprise division.
He is currently serving the remainder of his term as MTN Group CEO until March 2021.
Shuter is expected to join BT by the end of the 2020/21 financial year.
Gerry McQuade the current CEO of BT Enterprise will retire from BT after more than 12 years.