MTN Names Vodafone Executive as CEO in Wake of Nigeria Fine
- New CEO Rob Shuter is South African with European experience
- Analyst: ‘Lot of low-hanging fruit that can quickly be fixed’
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MTN Group Ltd. named Vodafone Group Plc’s Rob Shuter as chief executive officer, 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 July 1, 2017, MTN said in a statement Monday. He will replace Phuthuma Nhleko, who returned to lead Johannesburg-based MTN last year and oversee the 330 billion naira ($1.28 billion) settlement in Nigeria. Nhleko, 56, will revert to his previous role as non-executive chairman once Shuter arrives.