MTN nabs Vodafone Europe Head Rob Shuter to be its new CEO

Investors wanted someone from outside of MTN with telecoms experience.

Loni Prinsloo, Bloomberg

MTN Group named Vodafone Group’s Rob Shuter as CEO, turning to a seasoned executive to lead Africa’s biggest mobile-phone company following the settlement of a record fine in Nigeria.

Shuter, a South African who leads Vodafone’s European cluster as CEO, will start by 1 July 2017, MTN said in a statement on Monday.

The Money Show’s Bruce Whitfield interviewed Bloomberg News Johannesburg journalist Loni Prinsloo.

Scroll down for quotes from the audio below.

Large investors wanted a South African.

Loni Prinsloo, Bloomberg

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Why 'waiting for things to get better' is too risky a strategy to try

Why 'waiting for things to get better' is too risky a strategy to try

Dr Seuss called it "the waiting place"; it kills businesses, warns small business guru Pavlo Phitidis.

How to live off a dread disease benefit

How to live off a dread disease benefit

Personal finance advisor Warren Ingram discusses "dread disease benefits", typically paid out as a lump sum.

'I don’t spend much. I drive an old car. I’ve never been in debt'

'I don’t spend much. I drive an old car. I’ve never been in debt'

Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).

How to save and buy an island (you need only R2000 per month)

How to save and buy an island (you need only R2000 per month)

Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.

MTN is South Africa's most complained about company - Ombud

MTN is South Africa's most complained about company - Ombud

The second most complained about company was JD Group with Vodacom coming in third.

Why the JSE suspended trade in MTN’s plummeting shares (and what'll happen now)

Why the JSE suspended trade in MTN’s plummeting shares (and what'll happen now)

MTN's culture makes it unsurprising that this has happened, says First Avenue Investment Management’s Hlelo Giyose.

Popular articles
'It is clear that electorate is giving us serious consideration' - EFF

'It is clear that electorate is giving us serious consideration' - EFF

Post-election, national chairperson advocate Dali Mpofu evaluates the party's gains.

Absa is the most complained about bank in South Africa

Absa is the most complained about bank in South Africa

Capitec Bank, however, is keeping its customers decidedly happy. Bruce Whitfield interviews consumer journalist Wendy Knowler.

46 women rescued in Joburg sex trafficking raid

46 women rescued in Joburg sex trafficking raid

An expert on human trafficking explains how the syndicate operates and how women are lured into dens.