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Former MTN boss Phuthuma Nhleko to chair JSE board


MTN CEO Phuthuma Nhleko. Image: Fortunate Nxumalo

Former MTN CEO Phuthuma Nhleko has been appointed to the JSE board as an unbiased non-executive director with impact from July, the native bourse introduced on Monday.

Nhleko can even function the board chairperson-designate, a place he’ll assume in Might 2020. The present chairperson of the JSE board is Nonkululeko Nyembezi-Heita. 

“He has additionally accepted the board’s invitation to function chairperson-designate and can assume the function of JSE board chairman, with impact from the annual normal assembly to be held in Might 2022,” mentioned an announcement.

Nhleko, an skilled govt, is the chairperson and co-founder of Phembani Group, an funding firm with pursuits in oil, gasoline, and mineral sources. The JSE mentioned he can even serve within the board’s committees for remuneration and nominations.

A civil engineer by coaching, Nhleko has a spread of personal sector expertise and his time as MTN CEO between 2002 and 2011 noticed the corporate scale up its aggressive enlargement into the continent, elevating it to Africa’s largest cell telecommunications operator.

He additionally served as MTN’s chairperson.

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