Mupita has served as the MTN Group CFO since April 2017 and has been instrumental in the development and execution of the group’s strategy, capital allocation processes, financial performance and the resolution of a number of complex regulatory matters.
“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 Mcebisi Jonas, chairman of MTN Group.
“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.”
Prior to joining MTN Group, Mupita was the CEO of Old Mutual Emerging Markets, a business that provided financial services to individuals and corporates across 19 countries in Africa, Latin America and Asia. At the time, Old Mutual Emerging Markets managed 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,” added Mupita.
“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.”
Incumbent group president and CEO, Rob Shuter, will step down from the role on 31 August 2020 and will support Mupita as until the end of early 2021.
An additional announcement regarding the group CFO position will be made on or before 1 September 2020.
