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Johannesburg - Shareholders of mobile service provider MTN on Tuesday approved the reconstituted MTN Group Limited board of directors at the group's annual general meeting.
The members of the reconstituted MTN Group Limited Board of Directors are: Cyril M Ramaphosa (chairperson), Phuthuma F Nhleko (group president and CEO), Sifiso R Dabengwa (group chief operating officer), Robert D Nisbet (group chief financial officer), Peter L Woicke, Dr Mamphela Ramphele, Koosum Kalyan, Johnson MN Njeke, Sheikh Abdul RH Sharbatly, Jan HN Strydom, Alan F van Biljon and Douglas DB Band.
Following the international expansion of the MTN Group and its geographical scope of business, the group has reviewed its board composition and management operating structures.
As announced in May, the MTN group board will also support MTN's new operating and reporting structure, which now comprise three regional focus areas - Southern Africa; West/Central Africa; and Middle East/North & East Africa.
MTN recently announced that it had met all the pre-conditions with regard to making an offer to acquire the shares in Dubai- and London-listed mobile telecommunications company, Investcom LLC.
The transaction will make the MTN Group one of the world's largest emerging market players in telecommunications and the leader in Africa and the Middle East, operating mobile networks in 21 countries, covering a population under licence on a combined basis of approximately 488 million people and serving in excess of 28 million subscribers.
MTN group president and CEO, Mr Phuthuma Nhleko said: "The rapid realisation of the MTN Group's expansion strategy prompted us to implement a regionalised operational structure to ensure a more focused supervision of the various operating units for a more efficient and effective organisation.
"I am confident that this and the integration of Investcom's experienced personnel will broaden MTN's proven management capacity, facilitate knowledge transfer and enable us to further develop our business in the Middle East."