MTN
MTN
MTN - MTN Group Limited - Appointment of group president and chief executive
officer and management of MTN Group`s International Operations
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code {MTN})
(ISIN code ZAE000042164)
("MTN")
APPOINTMENT OF GROUP PRESIDENT AND CHIEF EXECUTIVE OFFICER AND MANAGEMENT OF MTN
GROUP`S INTERNATIONAL OPERATIONS
Appointment of MTN Group President and Chief Executive Officer
The Board of Directors of MTN has pleasure in announcing that Mr Sifiso
Dabengwa, currently the Group Chief Operating Officer, has been appointed as MTN
Group Chief Executive and President to succeed Mr Phuthuma Nhleko when he steps
down on 31 March 2011.
Mr Dabengwa, aged 53, has a BSc Electrical Engineering and an MBA degree. Prior
to joining the MTN Group in 1999 he was an Executive Director at Eskom. His
MTN career started as Managing Director of the South African operations. In
2004, he was promoted to Chief Operating Officer and in a dual role, was also
seconded to the position of Chief Executive Officer of MTN Nigeria, to oversee
MTN Nigeria`s growth and consolidation. Since returning to South Africa, Mr
Dabengwa has worked closely with Mr Phuthuma Nhleko in the development and
execution of the Group`s growth strategy.
Management of MTN Group`s International Operations ("MTNI")
Given the strong growth and development of MTNI, it has been decided to abolish
the position of Chief Operating Officer and in its stead to appoint a Chief
Executive Officer of MTNI to focus more intensely on the opportunities available
to MTNI. An executive search to identify and appoint a suitable candidate for
this post is currently in process.
A formalised subsidiary board structure for MTNI is in the process of being set
up and the Board is pleased to advise that Mr Phuthuma Nhleko has accepted an
invitation to join the MTN Board again as Non-Executive Vice Chairman and to
become Non-Executive Chairman of the MTNI Board of directors. These
appointments will take effect from 1 October 2011 and will facilitate continuity
in the Group`s international relationships and operations.
Fairland
20 December 2010
Sponsor
Deutsche Securities (SA) (Pty) Ltd
Date: 20/12/2010 09:22:01 Produced by the JSE SENS Department.
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