South Africa-based Telecoms giant MTN on Monday named a new chief executive after resolving a dispute with Nigeria over a huge fine for failing to disconnect millions of unregistered mobile phone lines.
MTN announced that Rob Shuter, a South African who is currently the Vodafone Europe CEO, will take over as its new group president and CEO next year.
Africa’s biggest wireless operator, MTN said in a statement that “following the successful resolution of the Nigerian dispute, it has completed the review of its governance and management structures.”
The Johannesburg-based company was last year hit with a $3.9 billion fine for failing to cut off 5.1 million unregistered SIM cards, amid fears that some of the affected lines were being used by Boko Haram insurgents.
On June 10 MTN announced that following negotiations with the Nigerian authorities, it had agreed to pay $1.7 billion as a final settlement.
Shuter will take over from executive chairman Phuthuma Nhleko, who stepped in last November in the thick of the Nigerian fine debacle.
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