MTN Groups’s outgoing CEO Rob Shuter will join UK telecom operator British Telecom Group (BT) as the next CEO of its enterprise unit, replacing Gerry McQuade who is retiring after more than a decade with the group.
Shuter is scheduled to step down from his role at MTN by the end of the fiscal year ending March 31, 2021 the UK telco said. He will also be a member of the company’s executive committee.
In a statement, MTN said “Rob will relocate to the UK and start with BT Group in 2021 after finishing at MTN. MTN thanks Rob for his contribution over the years and wishes him well in his new endeavours.”
Shuter who joined the company three years ago, will leave the company in the midst of executing a turnaround strategy he formulated which the operator forecasts growth in earnings per share of between 160 per cent and 170 per cent and also managed to successfully overcome regulatory challenges, most notably in Nigeria among other successes.