MTN appoints Mcebisi Jonas as chairperson, Mbeki as IAB chair

Former deputy Minister of Finance Mcebisi Jonas during a board meeting with South African Airways (SAA) on September 09, 2016 in Pretoria, South Africa. During the meeting, Finance Minister Pravin Gordhan announced the approval of R5 billion bailout application for the airline. Picture: Gallo Images

Former deputy Minister of Finance Mcebisi Jonas during a board meeting with South African Airways (SAA) on September 09, 2016 in Pretoria, South Africa. During the meeting, Finance Minister Pravin Gordhan announced the approval of R5 billion bailout application for the airline. Picture: Gallo Images

The former president has also been announced as chair of the group’s International Advisory Board.

MTN Group announced on Friday it had appointed former deputy finance minister Mcebisi Jonas as chairperson-designate. The former deputy minister will resume his position on December 15 following current chairperson Phuthuma Nhleko’s exit.

“The Board is of the view that MTN Group has entered a more stable and settled phase, enabling it to now affect an evolution of the Board,” said MTN.

Other changes include Dr. Khotso Mokhele, the new Lead Independent Director, Alan Harper, Jeff Van Rooyen, and Koosum Kaylan who will step down from the board on December 15 and Peter Mageza and Dawn Marole who will step down from the board next year.

Nhleko will be part of the International Advisory Board, along with former president Thabo Mbeki, who has been announced as its chair.

MTN said in a statement: “The primary purpose of the IAB will be to counsel, guide, and support the MTN Group from time to time in fulfilling its vision and objective of being one of the premier African corporations with a global footprint in telecommunications, contributing to increased digital inclusion in Africa and the Middle East, a pivotal aspect of the fourth industrial revolution.

“‘While the IAB will be non-statutory in nature and not have any fiduciary responsibility, it will make an important contribution and play a highly valued role in ensuring that the board is guided and assisted in achieving the company’s vision in a technically complex world with uncertain and shifting geopolitical interests.”

The IAB will commence on July 1.

(Compiled by Vhahangwele Nemakonde)

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