MTN has appointed Ralph Mupita as the new group CEO, effective from 1 September 2020. He succeeds Rob Shuter who is due to step down on 31 August.
Mupita is currently the telco’s chief financial officer, and there is no word just yet on who is due to take up this position.
“Ralph has served as the MTN Group CFO since April 2017 and has played a critical role in the development and execution of the group’s strategy, capital allocation processes, financial performance as well as in the resolution of a number of complex regulatory matters,” says MTN in a statement.
“Ralph’s experience as the group CFO, strong knowledge of our businesses and markets, as well as successful background in financial services, M&A and emerging markets, place him in an excellent position to lead the growth and sustainability of the business going forward.”
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Mupita will be supported by Shuter as and when needed until his fixed-term contract ends in 2021.
“Leading a business with MTN Group’s history, scale and socio-economic impact is a privilege and honor, and I look forward to working with the group board and executive committee in driving growth and unlocking value for shareholders and broader stakeholders,” Mupita said.
“MTN Group is well-positioned to take advantage of the digital acceleration shifts and opportunities across our markets, and we are well placed to play an important and leading role in digital and financial inclusion of the African continent, working with our stakeholders and partners.”
