MTN chief financial officer Nazir Patel has resigned from the telecommunications group’s board “with immediate effect” amid “certain allegations” made against him.
The allegations, the details of which have not been disclosed, are the subject of an ongoing investigation commissioned by MTN, the group said in a short statement to shareholders at the close of markets in Johannesburg on Monday.
Patel tendered his resignation to the board on Sunday, MTN said in the statement.
“Mr Patel explained to the company that he does not wish his continued employment with the company to prejudice the company in respect of certain allegations made against him, which are subject to an ongoing investigation which had been commissioned by the company,” it said.
Brett Goschen has been appointed as group chief financial officer and executive financial director on the Board with immediate effect, the group added. Goschen joined MTN as chief financial officer of its Nigerian operation in 2002. He was appointed CEO of MTN Ghana in 2006 and returned to MTN Nigeria as CEO in 2011.
“The board is confident that Mr Goschen has the appropriate expertise and experience for his new role.” — (c) 2013 NewsCentral Media