MTN's Rob Shuter Will Move To Head-up BT Enterprise As CEO
MTN, arguably Africa's largest telecoms company, has announced that its current chief executive, Mr Rob Shuter will be leaving the organisation as he moves to take the position as the CEO of BT Enterprise in the United Kingdom starting March 2021.
The press statement by MTN issued ahead of the release of its financials interim results on 6th August, said that "Rob will relocate to the UK and start with BT Group Plc in 2021 after finishing at MTN. MTN thanks Rob for his contribution over the years and wishes him well in his new endeavours.
The MTN statement also confirmed that a succession process is on-course and an announcement on the new chief executive can be expected within the next few weeks.
With regards to the expected financial results, the company said: "MTN has made meaningful progress in strengthening its financial position and maintaining a healthy liquidity position. To sustain this, and in line with MTN's capital allocation framework, the board has decided not to declare a 2020 interim dividend in the context of the COVID-19 impacts and the material uncertainties these present.
Credit: contribution from itweb.africa