This archive report was first published on 25 August 2020.
On August 25, 2020, MTN Group announced the appointment of Ralph Mupita as its new group president and CEO, effective September 1, 2020.
Ralph Mupita, a seasoned executive with a strong background in financial services, mergers and acquisitions, and emerging markets, brings a wealth of experience to the role. He has served as the group's 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, and resolution of complex regulatory matters.
MTN Group chairman Mcebisi Jonas praised Mupita's appointment, saying, "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."
Mupita holds a degree in Engineering from the University of Cape Town and an MBA. Prior to joining MTN Group, he was the CEO of Old Mutual Emerging Markets for five years, managing over R1 trillion of customer assets under management.
Commenting on his appointment, Mupita said, "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."
Rob Shuter, the current group president and CEO, will step down from his executive responsibilities on August 31, 2020, and will support Mupita until the end of his fixed-term contract early next year.
