MTN in mini executive shakeup

MTN announced mini changes in its Group Executive Committee yesterday in a move that seems to bolster its international business development unit.

The changes see Karel Pienaar who is currently the CEO of MTN SA move to become Group Chief Strategy Officer. Zunaid Bulbulia who is currently MTN SA Chief Financial Officer becomes CEO of the South African operations.

The group said Pienaar’s appointment will see MTN’s Mergers and Acquisitions (M&A) and Strategy functions being separated. Khumo Shuenyane will now focus on M&A and international business development.

The group added that As Group Chief Strategy Officer, Pienaar will be responsible for overseeing MTN strategy across its 22 operations. A founding member of MTN, Pienaar has served the Group in various leadership roles, including as Group Chief Technology and Information Office and CEO of MTN Nigeria.

Bulbulia has 19 years telecoms experience, and is also a founding member of MTN. He was appointed CFO of MTN SA in 2005. As CEO, he is tasked with bolstering MTN’s competitive position in the South Africa market.

MTN Group CEO Sifiso Dabengwa said both Pienaar and Bulbulia are experienced executives who understand MTN’s business priorities and challenges. “We look forward to their continued contribution to MTN’s growth in their new roles,” says Dabengwa.

Both Pienaar and Bulbulia will serve on the MTN Group Executive Committee.

 These changes come a day after MTN Group welcomed back Phuthuma Nhleko as non executive chairman of the board. Nhleko is taking over from Cyril Ramaphosa who has had to quit after he was appointed deputy president of the ANC in December last year. After the appointment Ramaphosa said he would review his business interests in order to avoid conflict of interests.

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