MTN Group’s Chief Executive Officer (CFO) Brett Goschen is set to leave the firm at the end of September 2016. Consequently, he will be resigning from the MTN Group board of directors as an executive director on September 30, 2016.
“We thank Brett for his considerable contribution to the Group over a period of 14 years and wish him well in his new endeavours,” said MTN in a statement.
(TOP: Brett Goschen who’s resigned as MTN Group’s Chief Executive Officer (CFO) from September 30).
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,” added the statement.