MTN makes key African appointments

April 5, 2009 • Mobile and Telecoms

The MTN Group has announced new key executive appointments in its African operations, with new CEO’s being installed in its Uganda, Rwanda, Zambia, Liberia, Guinea Bissau and Côte d’Ivoire territories.

Mr Themba Khumalo, the current CEO of MTN Rwanda is the new CEO of MTN Uganda. Previously Khumalo was an executive at MTN South Africa before his appointment as CEO of MTN Swaziland.

Mr Khaled Mikkawi, former CEO of the MTN operation in Liberia, will become the CEO of MTN Rwanda. Mikkawi was with Investcom for nine years before the company was acquired by MTN in 2006.

Mr Erik van Veen, the current COO of MTN Uganda, is the new CEO of MTN Zambia.

In the West and Central Africa region (WECA), MTN Guinea Bissau CEO, Mr Frans Joubert, has been appointed CEO of MTN’

s operation in Liberia. Mr Anthony Masozera, the current CFO for MTN Rwanda, will become the new CEO of MTN Guinea Bissau.

Mr Wim Vanhelleputte has been appointed CEO of MTN Côte d’

Ivoire. Vanhelleputte joined MTN from another mobile operator where he served as CEO.

Says MTN Group President and CEO, Mr Phuthuma Nhleko: “An appropriate degree of mobility of staff between our various operations facilitates increased learnings across the business and provides our staff with attractive and meaningful opportunities for growth within emerging markets. Over time, this should further bolster our ability to attract and retain the best skill and capability across our footprint,”

MTN recently published its annual results for the year ended 31 December 2008, which showed a solid performance despite the global economic slowdown. Subscribers were up 48% to 90,7 million compared to the same period in 2007; revenue was up 40% to R102,5 billion from December 2007; and earnings before interest, tax depreciation and amortization rose to 36% to R43,2 billion compared to 31 December 2007.

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