BY NDUMBE BELL GASTON
According to reports from MTN Cameroon, the MTN Group has decided to name the current Chief Financial Officer (CFO) of the Group, as the new President and Chief Executive Officer (CEO) of the MTN Group, now present in 21 African nations and the Middle East.
Ralph Mupita who has have been in charge of the group as Chief Financial Officer since April 2017, is said to have been a major driver in the strategic development and execution, financial performance, capital allocation and pusher, in what the Group says, in the resolution of a number of complex regulatory matters.
The MTN Group Chair, Mcebisi Jonas, is quoted to have expressed feelings that the choice was not easy to arrive at but he was delighted that, “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. 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”.
Ralph is said to be a graduate of the University of Cape Town with a MBA in Engineering. He was the CEO of Old Mutual Emerging Markets for five years that provided financial services to individuals and corporate entities across 19 countries in Africa, Latin America and Asia, managing one trillion Rand of customers assets, before joining the MTN Group.
In reaction to his appointment, Ralph Mupita commented that: “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”.
Ralph Mupita is expected to assume his new dispensation from September 1, 2020. The current Group CEO and President, Rob Shuter, is to stop work in his present capacity on August 31, 2020 after which he will support the incoming CEO.
The MTN group listed in the JSE says they are determined to use their technology edge to always provide their customers with a modern connected life.