MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives. After settling a record fine in Nigeria for failing to disconnect unregistered sim cards, South Africa-headquartered company MTN recruited Rob Shuter from rival Vodafone, the company announced today, June 20.

Shuter joins MTN after a stint as CEO of Vodafone’s Europe Cluster. According to his LinkedIn profile, Shuter’s telecoms career began in 2009 as CFO for Vodacom, South Africa’s largest mobile network. A South African national, he will take up his new position as CEO and president by July 1, 2017.

Read more: MTN poaches Vodafone and Vodacom talents Rob Shuter and Godfrey Motsa — Quartz