MTN Cameroon has announced the appointment of Hendrik Kasteel as the new chief executive officer, reports say.
Kasteel replaces Saim Yaksan, who has served as interim CEO since February 2018 after the resignation of South African-born Philisiwe Sibiya.
Kasteel will have the responsibility for reinforcing the position of MTN as leader of Cameroon’s telecoms market, where Orange, Nexttel and Camtel compete for market share. The newly appointed CEO takes over as the company is in a legal battle with Express Union over mobile money transfer services.
It will also be competing in that field with Nexttel and YUP Cameroun, which were granted licences for mobile money services earlier this year. Other operators, including YooMee, are gearing up for mobile internet service provision in the country.
According to statistics from Cameroon’s Ministry of Post and Telecommunications, MTN Cameroon invested FCFA 39.5 billion in 2016 and had a total of 651 staff in the country same year.
Prior to his appointment Kasteel was Chief Executive Officer of Ooredoo Algeria.
He has also served as Managing Director/Chief Executive Officer for Euronet Communications; a subsidiary of Deutsche Telekom.
The executive has over 25 years of experience in the telecoms, media and online sectors and holds an MBA from the International Institute for Management Development, Lausanne, Switzerland, and a Bachelors Degree in Economics from Utrecht University.