MTN Ghana gets new CEO

After an outstanding job as Ghana’s CEO, Selorm Adadevoh was succeeded by Stephen, who was recently elevated to the Group as the Chief Commercial Officer (GCCO).

At the moment, Stephen Blewett works for the MTN Group as an operations executive in the markets. However, on April 1, 2024, he will become leadership of MTN Ghana.

The recently appointed CEO of MTN Ghana returned to the company in July 2023 and assumed the role of Operations Executive for Markets, overseeing the Group’s smaller West and Central African markets and assisting the Senior Vice President for Markets with more comprehensive operations support throughout the region.

He had previously served as Chief Operating Officer of Digicel, an organization that Selorm also quit to join MTN. Before that, he worked with MTN for seven years, first as CEO of MTN Benin and later as CEO of MTN Cameroon.

MTN Ghana Board Chairman Dr. Ishmael Yamson said, “We are happy to have Stephen join the MTN Ghana family and look forward to working with him to move the company forward to achieve our Ambition 2025 strategy and beyond.”

“We also welcome Stephen to the MTN Ghana family and look forward to welcoming him to the business in the months ahead,” the MTN Ghana board of directors stated.

Concurrently, Selorm succeeds Jens Schulte-Bockum, who relinquishes his position as Group Chief Operating Officer upon the expiration of his contract in March 2024.

Selorm is going to join the MTN Group Executive Committee in his new role.

According to an MTN statement, Jens Schulte-Bockum will leave his executive position on March 31, 2024, but he will continue to serve as a non-executive director on the boards of three significant subsidiaries: MTN Nigeria, MTN South Africa, and Bayobab.

“We extend our congratulations to Selorm on his new role and express our gratitude for his exceptional leadership, guidance during difficult times, and tireless efforts over the previous five and a half years on behalf of MTN Ghana. We are certain that he will succeed in his new position, according to Dr. Ishmael Yamson.

As the CEO of MTN Ghana, Selorm joined MTN in 2018. Before then, he had several important positions in the USA, UK, and Latin America at different points in his career, as well as important positions with Millicom in Africa and Caribbean mobile network provider Digicel.

Since joining MTN, Selorm has spearheaded the company’s transformation and played a key role in advancing the company’s new Ambition 2025 strategy, which aims to position MTN Ghana as a platform player. He has had a considerable effect and impact on important industrial projects.

Along with thanking Selorm for his enormous contribution to the firm during his time as CEO, the Board of Directors of MTN Ghana and its subsidiaries also wished him well in his new position as MTN Group Chief Commercial Officer.

With a market share of more than 70% in voice, internet, SMS, and mobile money, MTN Ghana is the sole major player in the business. Due to its remarkable GHS1.7 billion plus profit after tax half-year 2023, over 26 million subscribers, over 14 million mobile money clients, and about 99% combined coverage of 2G, 3G, and 4G nationally, MTN—the only profitable telco in Ghana—reported its earnings for the first half of the year.

MTN is still spending billions of Ghanaian cedis on corporate social programs and network enhancements. MTN Ghana has set aside $1 billion for investments in Ghana between 2021 and 2025 as part of their Ambition 2025 plan, of which $25 million would be used to construct the cutting-edge Ghana ICT Hub in association with the government.

Being the only SMP on the market, MTN has been forced by the regulation to double its pricing this year alone and discontinue some of its most economical bundles. However, despite the price hikes, it seems that customers are continuing to use the network because of its comparatively higher quality of service when compared to other options available.