The Board of MTC Namibia has renewed Dr. Licky Erastus’ fixed-term contract as Managing Director for an additional five years.
His new term will run from December 1, 2024, to November 30, 2029.
The board attributed the decision to Erastus’ exceptional leadership, which has propelled the listed telecoms company to achieve remarkable milestones.
“This decision was taken on the basis of MTC’s overall exceptional performance under his leadership, and the renewal demonstrates the Board’s confidence in Dr. Erastus’ ability to lead MTC into the digital age,†the board said.
Highlighting his tenure, the board noted significant achievements, including MTC’s historic listing on the Namibian Stock Exchange (NSX), strong financial performance, and consistent delivery of shareholder value. Under his guidance, MTC also retained its position as Namibia’s most innovative and most admired brand.
Erastus has been with MTC in various leadership roles since 2011, including serving as Chief Technical Officer.
He became the Chief Executive Officer on December 1, 2019, before being appointed Managing Director on March 8, 2021.
MTC made history as the first state-owned enterprise in Namibia to transition to a publicly listed company. The company fully complied with NSX listing requirements and underwent a successful public offering.
Erastus will remain an Executive Director on the company’s board.
