Phuthuma Nhleko, former MTN Group executive chairman, has been appointed as an independent non-executive director of the JSE.
His appointment is effective 1 July 2021.
The JSE also announced that Nhleko has also accepted the board’s invitation to serve as chairman-designate and will assume the role of JSE board chairman, with effect from the annual general meeting to be held in May 2022.
“The board extends a warm welcome to Phuthuma and looks forward to his contribution and leadership,” said the JSE.
Nhleko has extensive experience, both in South Africa and globally, in telecommunications, organisational strategy development, operations, M&A, corporate finance and executive
He is the former chief executive of MTN Group Limited, having led the telco from 2002
He previously worked as a corporate finance executive at Standard Corporate & Merchant Bank.
Nhleko has also served as a non-executive director on the boards of several public listed
companies, including Nedbank Limited, Anglo American Plc and BP Plc.
Nhleko currently leads the Phembani Group, which he founded in 2012 and chairs the Phembani Remgro Infrastructure Fund which has interests in petroleum, energy, cement and the resources industry.
He holds a BSc in Civil Engineering and an MBA.
He will serve as a member of the JSE’s Group Remuneration Committee, Group Nominations Committee and Group Deal Committee.