Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Rob Shuter to step down as MTN CEO in 2021

Article Image
MTN announced that its group president and CEO, Rob Shuter, will be stepping down from his role next year.

MTN made the announcements alongside its full-year results for the 12 months ended December 31, 2019.

Shuter joined MTN in 2017 on a fixed four-year contract, which he will not be extending when it comes to an end in March 2021.

"Four years at MTN is like eight years anywhere else," Shuter joked during his results presentation in Johannesburg on Wednesday.

"I'm going to be passing the baton on and taking a well-deserved rest. The real advantage of announcing that now is that we have 12 months to go through an orderly succession process, hand over the new person and make sure we don't skip a beat operationally," he told journalists at the press briefing after the results presentation.

"In general, CEO succession is often not well planned we've got lots of poor examples in the South African context. We are absolutely determined as MTN to have a smooth, seamless handover so we give our people, our customers and our shareholders continuity and stability," he added.

He didn't give any indication of what he plans to do next, saying he is "entirely focused on the next 12 months at MTN."

"I've got an enormous amount of work to do. That's what I'm busy with and when I get to the end of that I'm going to take a break with the family and then decide what's best to do going forward."

A factor in his exit plans could be the extensive amount of travel he has to do as CEO and he pointed out he spends more than half the month on the road.

"I've loved my time here, its been the greatest privilege of my working career, but it has been enormously challenging and it comes at a great sacrifice," Shuter explained. The MTN board thanked him for his contribution, saying that under his leadership "significant progress has been made, including establishing and effectively communicating a clear vision and strategy, driving the resolution of a number of complex matters and delivering significant improvements in transformation, operational performance and staff morale."

Before becoming CEO of MTN, Shuter was the CEO of the European cluster at the Vodafone group and was also previously CEO of Vodafone Netherlands. He also held senior management roles in the banking sector at Standard Bank and Nedbank.

MTN also announced on Wednesday that its group chief technology and IT officer, Charles Molapisi, has been appointed to the group executive committee and the fixed contract of the group chief operations officer, Jens Schulte-Bockum, has been extended until March 31, 2022.

MTN Group CEO Rob Shuter will be leaving the telco at the end of March 2021.
MTN Group CEO Rob Shuter will be leaving the telco at the end of March 2021.

Paula Gilbert, Editor, Connecting Africa

Innovation hub


Interview: Juliet Ehimuan on Africa's next wave of innovation

Juliet Ehimuan, founder and CEO of Beyond Limits Africa and ex-MD of Google West Africa, spoke to Connecting Africa about the next wave of innovation in Africa and the continent's digital future.


InDrive enters Zimbabwe's Bulawayo

Ride-sharing platform InDrive is expanding its services to Zimbabwean city of Bulawayo after successfully introducing its services in the capital of Harare in May this year.

More Innovation hub

Latest video

More videos

Industry announcements

More Industry announcements

Sponsored video

More videos

Partner perspectives

All Partner Perspectives

Africa Tech Perspectives


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.


Challenges and opportunities for women's tech careers

A new survey reveals that COVID-19, the cost-of-living crisis, skills shortages and a lack of mentorship have negatively affected women's career development over the past two years.

More AfricaCom perspectives

Upcoming events

Nextv Series Africa
October 4-5, 2023
Hotel Sky Sandton, Johannesburg
Africa Tech Festival, Home of AfricaCom and AfricaTech
November 13-16, 2023
CTICC, Cape Town
More Upcoming events

Flash poll

All polls

Guest Perspectives


Omdia View: August 2023

By Omdia Analysts

Highlights in August 2023 in the Middle East and Africa included a commercial 5G launch from Ethio Telecom and the signing of a virtual wheeling agreement between Vodacom South Africa and Eskom – that and more in this month's Omdia View.


Omdia View: February 2023

By Omdia Analysts

In February 2023 key events in the Middle East and Africa included a major Internet project for Africa's underserved by Liquid Intelligent Technologies and Microsoft as well as a 5G launch in Tanzania – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id I-0000192