Former MTN Group CEO Rob Shuter is stepping down as CEO of BT’s Enterprise business – and from “executive life”.
Browsing: Rob Shuter
Telkom CEO-designate Serame Taukobong believes the company’s investments in a range of areas will stand it in good stead in the coming years.
Rob Shuter, who resigned as CEO of MTN Group last year and who has since taken a senior role at the UK’s BT Group, was paid R73.8-million in his final eight months at the JSE-listed telecommunications firm.
BT Group’s board remains divided following the unexpected resignation of chairman Jan du Plessis, with the two camps mainly at odds over the pace of changes needed at the company.
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.
Telkom on Friday said Dirk Reyneke will replace chief financial officer Tsholofelo Molefe, who resigned in December to join MTN Group, also as CFO.
MTN Group is looking to sell and lease back part of its portfolio of 13 000 South African towers, a sign that new CEO Ralph Mupita is looking to build on a disposal plan kicked off by his predecessor.
On the face of it, the Covid-19 lockdown was an inadvertent blessing for South Africa’s telecommunications operators.
MTN Group chief financial officer Ralph Mupita took the reins from former CEO Rob Shuter on Tuesday, paving the way for a new era at Africa’s largest telecommunications group by subscribers.