Africa's largest cellular provider, MTN, says group financial director Rob Nisbet is leaving the company, after having joined in 1995.
Nisbet, who has “been an integral part of the group's senior management team”, will “pursue other business interests”, MTN said in a Stock Exchange News Service announcement this morning.
President and CEO Phuthuma Nhleko says: “Nisbet has made a significant contribution to MTN. We are all grateful for having had him as part of the team.”
Nisbet will continue to be part of the transaction team that will oversee the envisaged MTN-Bharti transaction and will remain on the MTN board as an executive director until the end of September.
He will be succeeded by Nazir Patel from October. Patel, a CA with “wide international experience in Europe and the Middle East”, joined the group in 2005 as group executive of finance.
Patel has been responsible for the group financial management and accounting function, and has participated in several of its merger and acquisition activities since joining the company.
Karel Pienaar, group chief technical and information officer, will be appointed as MD of MTN SA from August. He succeeds Tim Lowry, who is also VP for South East Africa, a role on which he will focus.
MTN has also made several other appointments, including Debbie Millar as group executive of treasury, funding and investor relations; Carel Gericke as group executive of corporate tax; and Zolisa Masiza as group executive of regulatory for the group and the local unit.
Nhleko says the senior management appointments “will enhance the strength and capacity of the respective management teams and demonstrates MTN's commitment to developing its people through a strong focus on leadership talent management”.
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