MTN's new strategy VP is Stephen van Coller of Barclays

The unnamed senior banker MTN said would be joining it as vice-president of strategy and mergers and acquisitions has been revealed: he is Barclays Africa Group's departing corporate and investment bank CEO, Stephen van Coller.

By Robert Laing

4 Jul 2016

On Friday, Barclays Africa Group said Van Coller would retire on 30 September in its announcement that former Tiger Brands CEO Peter Matlare would be joining it as deputy CEO. In its announcement on Monday, MTN also said MTN Rwanda CEO Gunter Engling would take the role of acting chief financial officer following the resignation of Brett Goschen.

Monday's statement follows a 20 June announcement of a board shakeup at MTN in which Rob Shuter - the CEO of the European cluster of rival Vodacom's UK parent, Vodafone - was appointed as MTN's new CEO.

In its previous statement, MTN said: "With a view to increasing the company's focus on new revenue streams, MTN is pleased to announce the appointment of a new vice-president of strategy and mergers and acquisitions effective 1 October. The appointee has a wealth of banking experience.

"His substantial commercial experience will assist in the formulation of a revised strategy for MTN, particularly in the area of convergence between mobile telephony and financial services."

Source: BDpro