Wrap Text
MTN Group Limited - MTN"s new Independent Non-Executive Directors to reflect
company"s multinational focus
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code: MTN
ISIN: ZAE000042164
MTN"s new Independent Non-Executive Directors to reflect company"s multinational
focus
The MTN Group is pleased to announce the proposed appointment of six Independent
Non-Executive Directors to its Board of Directors. The new appointees are Mr
Peter Woicke (Germany), Dr Christopher Kolade (Nigeria), Dr Mamphela Ramphele
(South Africa), Ms Koosum Kalyan (South Africa), Mr Johnson Njeke (South Africa)
and Sheik Abduragman Sharbatley (Saudi Arabia).
The international expansion of the MTN Group and its geographical scope of
business has prompted the Group to review its Board composition and management
operating structures.
Subject to shareholder approval, with effect from 13 June 2006, the
reconstituted MTN Group Limited Board of directors will comprise: Mr Cyril M
Ramaphosa (Chairman), Mr Phuthuma F Nhleko (President and CEO), Mr Sifiso
Dabengwa (Chief Operating Officer), Mr Robert Nisbet (Chief Financial Officer)
), Mr Peter Woicke, Dr Christopher Kolade, Dr Mamphela Ramphele, Ms Koosum
Kalyan, Mr Johnson Njeke and Sheik Abduragman Sharbatley, Mr Jan Strydom, Mr
Alan van Biljon, Mr Doug Band and Ms Moira Moses.
Messrs Paul Heinamann and Zithulele Cindi will shortly be retiring from the MTN
Group Board, thereafter to serve as Non-Executive Directors on Mobile Telephone
Networks Pty Limited (MTN South Africa), which will be chaired by Mr Heinamann.
Mesdames Irene Charnley and Santie Botha will also retire from the MTN Group
Board to focus on certain key regional boards and other operational
responsibilities.
The MTN Group Board will also support MTN"s new operating and reporting
structure, which will comprise three regional focus areas - Southern Africa,
West / Central Africa and Middle East / East Africa. Mrs Irene Charnley and Mr
Christian De Faria have been appointed as regional Vice Presidents responsible
for Middle East/ East Africa and West Africa, respectively. A third Vice
President, whose appointment will be confirmed shortly, will be responsible for
the Southern Africa region.
It is likely that there would be further additions to the MTN Group Board and
operational structure, upon the unconditional closing of the transaction that
the MTN Group has entered into with Investcom LLC.
Brief resumes of the six Independent Non-Executive Directors are attached.
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Ms Koosum Kalyan (B Comm (Law) (Hons Economics) from University of Durban-
Westville and a Senior Executive Management Programme from the London Business
School (1997))
Ms Kalyan is currently based in London and is Senior Business Development
Manager, Shell International Exploration. Prior to joining Shell, she was Senior
Economist at the Chamber of Mines of South Africa and has been an economist at
the Electricity Commission of Victoria Melbourne Australia. Other directorships
include the South African Business Trust, South African Bank Note Company of the
South African Reserve Bank, South African Mint Company of the South African
Reserve Bank and the UK/SA Business Initiative London.
Mr Peter L Woicke (Dipl Kaufmann, Universitat des Saarlandes, Saarbrucken,
Germany - (1969); expertise in financial services (investment banking) and
operational and strategic leadership of business in Europe, Asia, Latin America
and the USA)
Mr Woicke currently resides in the US and was Managing Director - International
Finance Corporation (IFC) of the World Bank in Washington DC from 1999 to 2005.
He has held various positions including, among others, President of IFC in
Washington DC, Managing Director and Chief Executive of JP Morgan Asia Pacific,
Executive Manager of JP Morgan & Company Inc. He serves on the boards of Anglo
American PLC, Plug Power Inc., Raiffeisen International Bank Holding AG,
International Youth Foundation and is on the Board of Trustees, Ashesi
University Accra, Ghana.
Mr MJ Njeke (B Comm, B Compt (Hons) CA (SA) - University of Fort Hare; H Dip Tax
(RAU))
Mr Njeke is the Managing Director of Kagiso Trust Investment Company in South
Africa. He was previously Partner at PricewaterhouseCoopers and is a past
Chairman of the South African Institute of Charted Accountants. He is on the
boards of Mittal Steel, Metropolitan Holdings, NM Rothschild (SA) and Resilient
Property Income Fund. He is the Chairman of the South African Institute of
Chartered Accountants Education Committee.
Dr M Ramphele (B Com (Unisa), MBCHB (Natal), PHD (Cape Town))
Dr Ramphele is currently the Executive Chairman of Circle Capital Ventures. She
was previously the Managing Director:Human Development, World Bank (Washington
DC). Before joining the World Bank, she was the Vice Chancellor of the
University of Cape Town. She holds other directorships at Standard Bank Group
Ltd, Standard Bank of South Africa Ltd, the Nelson Mandela Foundation, the
Nelson Mandela Children"s Trust and the Rockefeller Foundation.
Sheik AH Sharbatley
Sheik Sharbatley is currently the Director of Riyad Bank in Saudi Arabia, Saudi
Company for Hardware, Marketing Services and Commercial Projects Operation
Company, Saudi Arabian Refinery Company and South Valley Cement factory. He is
also the Chairman of Arabian International Corporation, Saudi Arabian Marketing
and Agencies Company Limited and Golden Pyramids Plaza Company.
Dr Christopher Kolade (BA (Durham) (1954), DipEd (1955), Order of St. Augustine,
conferred by the Archbishop of Canterbury (1981), Honorary Doctorate in Civil
Law conferred by the University of Sierra Leone (1976))
Dr Kolade is currently based in the United Kingdom and is the Founder and
Chairman of Managing Business for Christ Ltd. Formerly the Executive Chairman of
Cadbury Nigeria, Dr Kolade has served as an Education Officer in the Ministry of
Education, Western Region of Nigeria. He is a member of the International
Institute of Communications and the World Association for Christian
Communication, which are both based in London.
Fairland
10 May 2006
Sponsor
Merrill Lynch South Africa (Pty) Limited
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