MTN Group plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business.
Browsing: Jens Schulte-Bockum
Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.
MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.
Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.
MTN Group CEO Rob Shuter was paid R42.9-million in the financial year ended 31 December 2018, up from R40.6-million in 2017, while other top executives were also handsomely rewarded.
Eight MTN Group executives netted over 1.3 million shares in the telecommunications giant, valued at R116.9-million at the market price when they were issued at the end of December.
MTN is not shy to pay its newly constituted management team the big bucks, the telecommunications group’s 2017 annual report shows. The report, published on Thursday, reveals that MTN’s new group CEO
MTN Group senior executive Stephen van Coller said his role has been changed to head of digital services at Africa’s biggest wireless operator, seven months after he joined the company as head of strategy. The former investment banking
MTN on Wednesday said group revenue increased by 7,1% year on year, supported by a 29,4% improvement in data revenue, suggesting a return to a firmer footing for the Johannesburg-headquartered emerging markets telecommunications giant. However, group subscriber