After two years in the position, Stephen van Coller, the vice president of Digital Services, Data Analytics and Business Development at MTN is leaving the mobile phone company.
The move was unexpected, and MTN has not yet appointed a successor to the position.
MTN informed investors on Thursday that Van Coller’s resignation is effective from 31 August 2018.
The company said Van Coller has resigned to take up a Group CEO position at another JSE listed company.
He joined MTN on 1 October 2016 as as vice president of strategy and mergers & acquisitions.
The mobile phone operator said Van Coller has played an instrumental role in designing the new BRIGHT strategy and ensuring its focus on building out the new digital services areas.
Under Stephen’s leadership the Mobile Financial Services customer base more than doubled to 25m and significant progress has been made across the group in building big data analytics and Rich Media Services across music, video and gaming, the company said.
“On behalf of the MTN Group board and the group executive committee, I would like to wish Stephen every success as he commences an exciting new chapter in his career,” said Rob Shuter, MTN Group CEO.
The company said Van Coller’s successor will be announced in due course.
Van Coller is a qualified chartered accountant. He has over two decades in financial services, 10 years at Deutsche Bank (DB) from 1996 as a managing director of Investment Banking, an executive committee member and foundation trustee for DB in South Africa.
The last 10 years were at Barclays Africa where he has held the positions of head of Primary Markets: Absa Capital, and more recently CEO of the Corporate and Investment Bank (CIB) overseeing over R250 billion in assets spanned across 13 African countries. Van Coller joined Barclays Africa in 2006 and was appointed to the executive committee in 2009.