Mteto Nyati, the CEO of MTN SA, has been appointed CEO of JSE-listed Allied Electronics (Altron) effective from July. Nyati, who joined MTN in 2014 as the head of its enterprise business before being appointed as MTN SA CEO in 2015, replaces longstanding CEO Robert Venter. Venter steps down after 16 years as CEO and 27 years with Altron, a company founded by his father Bill Venter 51 years ago. The announcement is part of the Venter family’s decision to relinquish control of Altron and also hand over management of the group. The group has also disposed off noncore and nonperforming assets to focus on the technology businesses, including the Bytes group of companies. Venter will remain on the Altron board as nonexecutive director. In February, Bill Venter retired as nonexecutive chairman and assumed the role of chairman emeritus. Altron’s chairman, Mike Leeming, said Nyati had an extensive experience in both the business-to-business and business-to-consumer markets. “We are extremely...
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