Browsing: Jyoti Desai

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MTN bosses rake in millions

MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications

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MTN names new group COO

The shake-up of the top management team at MTN continues. The South African-headquartered emerging-markets telecommunications group has hired Jens Schulte-Bockum as its new chief operating officer, replacing

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MTN bosses get millions in shares

MTN has dished out R5,2m worth of shares to the CEO of its South African unit, Mteto Nyati. In a statement to shareholders on Friday, MTN said it had provided Nyati with an “off-market award of shares” as part of its performance share plan

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MTN top brass rolling in the riches

The money MTN paid its top executive management team, including its former CEO Sifiso Dabengwa, jumped to R165,6m in the 2015 financial year. That’s an increase of 18,8% over the R139,4m it paid in 2014, driven higher by three golden

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MTN in huge restructuring, management overhaul

The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs

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Karel Pienaar steps down at MTN

One of MTN’s very first employees, Karel Pienaar, who has been with the telecommunications group for more than two decades and who was instrumental in the founding of the business, is stepping down. Pienaar was most recently group

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Options millions for MTN bosses

MTN executives have been awarded share options worth more than R50m at the prevailing share price. Group CEO Sifiso Dabengwa has been awarded 94 600 shares, which were worth R16,9m based on Wednesday morning’s near-record share price of R178,88. The shares will vest in three years provided the requirements of MTN’s