MTN
MTN
MTN - MTN Group Limited - MTN announces leadership and operational structure
changes
MTN Group Limited
Registration number: 1994/009584/06
ISIN code: ZAE000042164
Share code: MTN
("MTN")
MTN announces leadership and operational structure changes
MTN announces the appointment of Ahmad Farroukh to the position of Group Chief
Operating Executive (GCOE) with effect from 1 April 2012. He is currently the
MTN Vice President (VP) for the WECA region and director of a major subsidiary
MTN Nigeria, having joined MTN in 2006 as part of the Investcom acquisition and
later becoming CEO of MTN Nigeria - among his previous roles.
The GCOE will have 7 Opco CEOs reporting directly to him (MTN Irancell, MTN
Ghana, MTN Cote d`Ivoire, MTN Afghanistan, MTN Syria, MTN Cameroon and MTN
Uganda). Also to report to the GCOE will be a new position, Operations
Executive, which will be responsible for the rest of the operations (MTN Cyprus,
MTN Guinea-Conakry, MTN Guinea-Bissau, MTN Botswana, MTN Rwanda, MTN Benin, MTN
Congo-Brazzaville, MTN Liberia, MTN Sudan, MTN Swaziland, MTN Yemen and MTN
Zambia).
The CEOs of South Africa and Nigeria will report directly to the Group President
and CEO. They will also serve on Group EXCO as full members.
The new Operations Structure will work with the GCOE to support operations in
the following areas:
- Provide direction and guidance to the Opcos in line with the Group strategy
- Implement strategic initiatives in alignment with the Group strategy
- Consolidate Opco reporting
- Facilitate effective execution and sharing of best practice between Opcos
- Ensure operational effectiveness
With the consolidation of the regional structures, current SEA VP and director
of a major subsidiary MTN South Africa, Ignatius Sehoole will assume a new role
in the Group Business Risk Management division with effect from 1 April 2012.
MTN Group President and CEO congratulated Ahmad and Ignatius on their
appointments.
Fairland
7 March 2012
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 07/03/2012 16:44:02 Produced by the JSE SENS Department.
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