Browsing: Nazir Patel

Massive management shake-up at MTN

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Telecommunications group MTN has announced a major shake-up of executive responsibilities, with a series of new senior appointments at group level and at its key operations in South Africa, Nigeria and Ghana. MTN Ghana CEO Michael Ikpoki has been named as

MTN finance chief in shock exit

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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

Options millions for MTN bosses

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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