MTN, has appointed the former Vodafone European Cluster CEO, Rob Shuter. The decision was made after the executive meeting that ended up recently in South Africa. The non executive chairman that was put in place as the temporary CEO after the resignation of the former CEO, Sifiso Dabengwa after the confrontation of Nigerian governments fined the company for allowing consumers to be using their micro SIMs in making calls, receiving and sending SMS while they have not been registered in the Nigerian government database. The moves was seen as aiding the prevalent insurgents that have fought Nigerian for more than 7 years. The fined which originally was $5.2 Billions was later compromised to around #750 Billion after a lots of pleads from every quarters. The fined even make the South Africa president to paid the Nigerian government a visit, in few months back.
Mr Dabengwa said in a statement issued by MTN to its shareholders while tending his resignation letter then that:
“Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the Company and its shareholders, have tendered my resignation with immediate effect.”
Mr Phuthuma Nhleko, a current non-executive chairman, will take over as executive chairman before a replacement is found. Mr Nhleko is also a former Group CEO of MTN and was Mr Dabengwa’s predecessor.
“I will assume responsibility as Executive Chairman for the next 6 months as I proactively deal with the Nigerian regulator and will continue to work with them in addressing the issues around unregistered subscribers as a matter of urgency,”
Many will see the new CEO of MTN as the person to give MTN group, the new path the company should thread to achieve its aim. Some two months back, MTN has promised to release 4G lite network in Nigeria by July, we are already in June, Nigerians have not seen any signed of that. This promised was made immediately after the revival of the old Nitel into Ntel that have seen some cities enjoying the 4G network in Nigeria. The network only covers Abuja, the country capital city, Lagos; the commercial city of the country and PortHarcout, where the nation oil riggers and oil business men and workers dwell.