ZIMBABWE born Ralph Mupita has been appointed president and
CEO of MTN Group, the company announced in a statement.
This appointment will be effective from September 1, 2020,
with incumbent CEO Rob Shuter set to step down on August 31.
Mupita was previously the chief financial officer of MTN
Group, a position he held since April 2017.
“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,” MTN said.
After Shuter steps down on September 1, he will support
Mupita as required until the end of his fixed-term contract early next year.
“After a rigorous and extensive search process, we are
pleased to have appointed someone of Ralph’s calibre, experience and ability to
fill the group president and CEO position,” said MTN Group chairman Mcebisi
Jonas.
“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.”
Mupita is a graduate of the University of Cape Town with a
degree in engineering and an MBA.
Before joining MTN Group, Mupita served as the CEO of Old
Mutual Emerging Markets for five years, managing over R1 trillion of customer
assets under management at the time.
“Leading a business with MTN Group’s history, scale and
socio-economic impact is a privilege and honour, 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.”
MTN said that an update regarding the group CFO position
will be made on or before September 1, 2020. – Mybroadband.co.za
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