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

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