Sharenet Sites 
Sharenet Sites
MTN Group Management Changes
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN" or "the MTN Group")
MTN GROUP MANAGEMENT CHANGES
Pursuant to the MTN announcement of 10 June 2016 and with a view
to ensuring that the Group is well and appropriately capacitated
to take advantage of opportunities presented by a rapidly
changing sector, MTN is pleased to announce the appointment of
Stephen van Coller as Vice President of Strategy and Mergers &
Acquisitions effective 1 October 2016. Stephen will be the 4th
Vice President of the Group, the other three having
responsibility for the geographic operating regions of MTN. We
expect to announce a Deputy Head of Mergers & Acquisitions
shortly.
Stephen is a qualified chartered accountant. He has over two
decades in Financial Services, 10 years at Deutsche Bank (DB)
from 1996 as a Managing Director of Investment Banking, an
executive committee member and foundation trustee for DB in
South Africa. The last 10 years were at Barclays Africa Group
where he has held the positions of head of Primary Markets: Absa
Capital, and more recently CEO of the Corporate and Investment
Bank (CIB) overseeing over R250 billion in assets spanned across
13 African countries. Stephen was also part of the Barclays plc
EMEA CIB executive committee.
He serves as a member of the World Economic Forum, represented
on the Global Agenda Council (GAC) on Values as well as serving
on the GAC committee on the Future of Banking.
MTN will continue its efforts to develop participation in the
enterprise sector and adjacent sectors such as financial
services and media and entertainment. As the head of Strategy
and Mergers & Acquisitions, we are confident that Stephen's
experience will be instrumental in helping the Group realise its
ambitions and commitments.
Brett Goschen, the Group CFO, will be leaving MTN effective 30
September 2016 to pursue other interests. Consequently, he will
be resigning from the MTN Group board of directors (“the Board”)
as an executive director on the same day. We thank Brett for his
considerable contribution to the Group over a period of 14 years
and wish him well in his new endeavours.
Gunter Engling will assume the position of Acting Group CFO on
Brett's departure until a permanent CFO is appointed. Gunter is
a chartered accountant who is currently CEO of MTN Rwanda. He
has held many positions in MTN, more relevantly Group Executive
Finance reporting to the Group CFO. He was responsible for the
management and coordination of all statutory accounting and
reporting to all stakeholders, including the Group Audit
committee and the Board. Gunter has also held the positions of
General Manager Finance of MTN Nigeria and CFO of MTN Ghana.
Gunter has extensive knowledge and understanding of MTN Group’s
financial matters, workings and stewardship and will have the
benefit of a close working relationship with Brett until his
departure at the end of September 2016.
MTN is confident that the process of reviewing its capacity,
resources, governance and management structures will be
substantially completed by year end and will leave the Group
well positioned to successfully face a highly competitive
environment and take advantage of new opportunities.
Fairland
4 July 2016
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 04/07/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
