Telecommunications group MTN has announced a number of management changes in support of its Ambition 2025 strategy to accelerate growth, deleverage debt faster and unlock value.
Godfrey Motsa will be step down as the CEO of MTN South Africa (SA) with effect from January 1 and will be succeeded by group CTIO Charles Molapisi.
MTN Nigeria COO Mazen Mroue will assume the role of group CTIO effective from February 1. His successor in MTN Nigeria will be announced in January.
Further, to streamline responsibilities and reporting lines in the core connectivity business, Ebenezer Asante will assume the new role of senior VP of Markets.
In addition, to enhance the capacity to accelerate growth of MTN’s fintech and other platforms, Serigne Dioum will assume the streamlined role of group chief fintech officer effective February 1.
Given the strong interdependence of the two functions, the legal and regulatory functions on the MTN executive committee (Exco) will be combined under Lele Modise in a revised role of chief legal and regulatory officer, effective February 1.
Felleng Sekha, currently the group chief regulatory and corporate affairs officer, will remain with the group until the end of April to ensure a smooth handover and transition of her current responsibilities.
"To reinforce the implementation of our strategic priority to create shared value and the integration of environment, social and governance at the core of our business, Nompilo Morafo has been appointed as the group chief sustainability and corporate affairs officer, which will be established onto the Exco, effective February 1," MTN notes.
Further, to ensure that Ambition 2025 and MTN’s change programmes are well resourced and sequenced and that execution risks are well managed and mitigated, strategy and transformation will move from reporting to the group COO to the group president and CEO. Chika Ekeji has thus been appointed as the group chief strategy and transformation officer, which will be established onto the Exco, effective February 1.
“The changes we are announcing today are about enhancing the structures needed to execute on our Ambition 2025 strategy and delivering on our medium-term guidance,” says MTN group president and CEO Ralph Mupita.