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.

Read More
6 techniques you can use to get funding to start (or grow) a business

6 techniques you can use to get funding to start (or grow) a business

Small business guru Pavlo Phitidis discusses the techniques, how they work and how to get them right.

Money market accounts (and Exchange Traded Funds) FAQs answered

Money market accounts (and Exchange Traded Funds) FAQs answered

Personal finance guru Warren Ingram explains what money market accounts are and the difference between various ETFs.

2016 - Good riddance to bad rubbish

2016 - Good riddance to bad rubbish

Bruce Whitfield interviews public speaking superstar Vusi Thembekwayo, who says “Dear 2016: we are glad you are over”.

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.

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.