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Cotonou (Benin), August 19, 2020 – MTN Group announces the appointment of the current Group CFO, Ralph Mupita, as the new CEO. It takes effect from September 1, 2020.
Ralph has been the current CFO of the MTN Group 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 issues. Mr Mcebisi Jonas, Chairman of the Board of the MTN Group, declared: “After a
rigorous in-depth research process, we are pleased to have appointed someone of Ralph’s caliber, experience and ability to serve as Group President and CEO. Ralph’s background as Group CFO, his solid knowledge of our business and our markets, as well as his successful track record in financial services, mergers and acquisitions in emerging markets, place him in an excellent position to lead. , in continuity, the constant growth of the company. Ralph graduated from the University of Cape Town with an Engineering degree and an MBA. Prior to joining MTN Group, Ralph served for five years as CEO of Old Mutual Emerging Markets, a company providing financial services to individuals and businesses in 19 countries in Africa, Latin America and Asia. , managing, at the time, a portfolio of over one trillion rand of client assets. Commenting on his appointment, Ralph said: “Leading a company that has a history of the scale and socio-economic impact of MTN Group is a privilege and an honor for me. I look forward to working with the Board of Directors and Executive Committee of the Group to drive growth and create value for shareholders and stakeholders in general. “
“MTN Group is in pole position to take advantage of digital acceleration changes and opportunities in our markets, and we are well positioned to play an important and leading role in the digital and financial inclusion of the African continent, by collaboration with our stakeholders and partners. “
The current Group Chief Executive Officer, Rob Shuter, will step down on August 31, 2020 and will support Ralph, as needed, until the end of his term contract early next year. The recruitment of the new CFO of the MTN Group will take place no later than the 1st
September 2020.
