Sifiso Dabengwa the new MTN CEO
| Rudolph Muller | December 20, 2010 | No comments |
MTN today announced that Sifiso Dabengwa has been appointed as MTN Group Chief Executive and President
The Board of Directors of MTN today announced that Mr. Sifiso Dabengwa, currently the Group Chief Operating Officer, has been appointed as MTN Group Chief Executive and President to succeed Mr. Phuthuma Nhleko when he steps down on 31 March 2011.
Mr. Dabengwa, aged 53, has a BSc Electrical Engineering and an MBA degree. Prior to joining the MTN Group in 1999 he was an Executive Director at Eskom.
His MTN career started as Managing Director of the South African operations. In 2004, he was promoted to Chief Operating Officer and in a dual role, was also seconded to the position of Chief Executive Officer of MTN Nigeria, to oversee MTN Nigeria’s growth and consolidation.
Since returning to South Africa, Mr. Dabengwa has worked closely with Mr. Phuthuma Nhleko in the development and execution of the Group’s growth strategy.
Management of MTN Group’s International Operations (“MTNI”)
MTN further announced that it has been decided to abolish the position of Chief Operating Officer and rather appoint a Chief Executive Officer of MTNI to focus more on the opportunities available to MTNI. An executive search to identify and appoint a suitable candidate for this post is currently under way.
A formalised subsidiary board structure for MTNI is in the process of being set up, and the MTN Board said it is pleased to advise that Mr. Phuthuma Nhleko has accepted an invitation to join the MTN Board again as Non-Executive Vice Chairman and to become Non-Executive Chairman of the MTNI Board of directors.
“These appointments will take effect from 1 October 2011 and will facilitate continuity in the Group’s international relationships and operations,” MTN said.
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