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Wednesday, 06 December 2023 14:28

MTN announces changes to Group Executive Committee (Exco).

By Lehlohonolo Lehana.

MTN Group COO Jens Schulte-Bockum is preparing to step down from his roles following the conclusion of his fixed-term contract on March 31, 2024.

Schulte-Bockum will continue to serve as a nonexecutive director on the boards of MTN South Africa, MTN Nigeria and Bayobab.

Selorm Adadevoh, who joined MTN in 2018 as CEO of MTN Ghana, will succeed Schulte-Bockhum, but in the role of chief commercial officer, while Stephen Blewett, who rejoined the group in July, has been named as CEO of the Ghanaian operation.

Having spent seven years at MTN, Jens has played a valuable role and made a significant contribution to the group over the duration of his tenure," MTN said in a statement to shareholders on Wednesday.

The company thanks Jens for the vital role he has played in the scaling of our core connectivity business across home, fibre, enterprise and network as a service. In more recent times, Jens has had the additional responsibilities for accelerating the group’s digital services platforms, in particular the Ayoba super app and the API marketplace capability Chenosis."

Before joining MTN five years ago, new group COO Adadevoh held senior positions in Digicel Group, including CEO, COO and global director for mobile financial services. Before that, he held various senior positions at Millicom/Tigo in Ghana.

"As Jens concludes his fixed-term contract as group COO, we are pleased to be able to make strong internal appointments within the group to fill key roles," said group CEO Ralph Mupita in the statement. This is testament to our robust succession planning.

"I would like to take this opportunity to congratulate Selorm and Stephen on their appointments. On behalf of everyone at MTN, I wish them well in their new roles and look forward to their ongoing contribution in the delivery of our Ambition 2025 strategy," said Mupita.