MTN Group Limited announced appointment of Tim Pennington (61) as an independent non-executive director of MTN Group and Mobile Telephone Networks Holdings Limited, effective, 1 August 2022. Tim holds a BA (Hons) Economics, from the University of Manchester and he is also an associate of a Chartered Institute of Bankers. Tim was the chief financial officer of Millicom International Cellular since 2014 until March 2022.

He has previously served as CFO in other international listed companies. He played an instrumental role in Millicom's transformation into a leading provider of fixed and mobile broadband services. Under his leadership as CFO the company successfully accomplished several key projects including, Millicom's exit from Africa, its NASDAQ listing in the U.S. and the acquisition of various operations.

He currently serves as a non-executive director on the board of London, listed, Euromoney Institutional Investor PLC. Tim is commercially driven with extensive telecommunications experience, as well as considerable corporate finance and strategic knowledge spanning several global jurisdictions. It is anticipated that Tim will also serve as a member of MTN Group's Finance and Investment Committee, Risk & Compliance Committee as well as the Audit Committee.