YET another MTN executive‚ head of procurement Edwin Mashilo‚ has been "pushed out" and will leave at the end of this month.
Mashilo's departure was announced to staff on Friday. He becomes the sixth senior executive to leave the telecommunications giant in the past five months.
The list includes chief financial officer Nazir Patel‚ head of mergers and acquisitions and international business development Khumo Shuenyane‚ and group executive for business risk management and member of the tender committee Ignatius Sehoole.
Another recent departure was that of Fatima Laher‚ while chief corporate services officer Robert Madzonga is on special leave.
Sources put Mashilo's golden handshake at close to R6-million.
According to insiders‚ Mashilo was accused of failing to report procurement irregularities involving another executive‚ Eleanor Potter‚ who left last month. Allegations were that he failed to notify the company chief executive after Potter directed the purchase of laptop computers to a vendor who had lost out on the tender process.
The prejudiced MTN contractor‚ New Age Holdings‚ is now seeking damages in excess of R13-million for loss of profit‚ chief executive Sello Phakoe said.
MTN confirmed Mashilo's departure but did not respond to detailed questions regarding his sudden exit. "Mr Mashilo has tendered his resignation and is serving his notice period‚ as per normal business practice‚" MTN said.
The company also denied the other executives had been pushed out. "The former executives referred to in your inquiry‚ except for Mr Madzonga‚ who is on special leave‚ left the company for different reasons‚ key among which was to pursue personal interests."
Analysts were‚ however‚ cautious of the development‚ warning that the rapid changes might pose a challenge to the operator.