MTN Group CEO opts to depart after expiry of fixed contract

South Africa-headquartered MTN Group CEO Rob Shuter will step down from his role at the end of his fixed four-year contract in March 2021, having given no explanation why he would not seek to stay on beyond that date.

Group Chief Technology and IT Officer, Charles Molapisi, has been appointed to the Group Executive Committee, reporting to the Group President and CEO, and the fixed contract of the Group Chief Operations Officer, Jens Schulte-Bockum, has been extended until March 31, 2022.