Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.
Ralph Mupita will replace Rob Shuter as president and CEO of MTN when he steps aside at the end of the month. Mupita has been group chief financial officer of the mobile network operator since April 2017.
MTN said Mupita had played a critical role in developing and executing its strategy, capital allocation and its financial performance. Prior to joining MTN, he was CEO of Old Mutual Emerging Markets for five years, a business that provided financial services to individuals and corporates across 19 countries in Africa, Latin America and Asia, managing over R1 trillion of customer assets under management at the time.
After a rigorous and extensive search process, the Board and I are pleased to have appointed someone of Ralph’s calibre, experience and ability to fill the GCEO position,” chairman Mcebisi Jonas said. “We want to thank Rob for his contribution to MTN Group and wish him all the best in his future endeavours.”
Shuter, who is relocating to the UK following his appointment as CEO of BT Group’s Enterprise unit, will continue to support Mupita until his four-year contract ends next March.
MTN said it would provide an update on a replacement for Mupita by the end of the month.
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