Phuthuma Nhleko resigns from MTN

Are you really going?...... Yes! my bags are packed

Nlekho... A fine gentleman leaves MTN

By Prince Osuagwu

It has been announced that Group President and CEO of MTN Group Mr Phuthuma Nhleko has resigned his position in MTN and all boards of the cellular network company.
Nhleko, has been with the company for the past ten years. His resignation means he has stepped down from the directorships of MTN Group Limited, MTN Dubai Limited, MTN South Africa, MTN Nigeria, Irancell and MTN Syria.
His resignation was announced to take effect from his last hours in office on March 31. Same date also marks his last day as Group President and CEO of MTN.
MTN Group Chairman Mr Cyril Ramaphosa and his Board of Directors thanked Mr Nhleko for his immense contribution to the growth of the company during the past ten years.
Mr Nhleko joined MTN in 2001 as Chairman, and was elevated to Group President and CEO a year later.
Nlekho who was born April 1960 in Johannesburg, has a lot of responsibilities entrusted to him as Directors of many companies, including Nedcor Investment Bank Ltd, which he assumed in 2002, Old Mutual Life Holdings (SA) Ltd, Old Mutual Life Assurance Company (South Africa) Limited
He was also chairman and one of the founding members of Worldwide African Investment Holdings, an investment holding company with interests in the petroleum, telecommunications and IT industries. Nhleko is also a director of Johnnic Holdings, Nedbank Group and Old Mutual SA.