MTN SA announces a new CEO to replace Godfrey Motsa
MTN is seeking to be the dominant presence in Africa across wireless and fixed-line infrastructure and to offer a digital payments platform for individuals and enterprises.
To help oversee the strategy shift, it said it would make its group chief technology and information officer (CTIO) Charles Molapisi the CEO of its South African operations effective from 1 January.
Current CEO Godfrey Motsa will step down, but will be available until the end of June 2022 to ensure a smooth transition, MTN added.
One of Africa's biggest telecom companies, MTN, which competes with Vodacom, the African subsidiary of British telecom giant Vodafone Plc, has been selling its businesses in the Middle East as part of its more Africa-focused strategy, which it wants to see in place by 2025.
Among other management changes announced on Wednesday, the company also promoted Mazen Mroue as Group CTIO from 1 February. He is the Chief Operating Officer of MTN Nigeria.
"The changes we are announcing today are about enhancing the structures needed to execute on our Ambition 2025 strategy," MTN Group President and CEO Ralph Mupita said in a statement.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/
