MTN has announced that Ralph will be taking over from exiting CEO Rob Shuter from 1 September.
The MTN Group has announced the appointment of its current group CFO Ralph Mupita as the new group president and CEO with effect from 1 September 2020.
Commenting on his appointment, Ralph 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.”
He added that the MTN Group is well positioned to take advantage of the digital acceleration shifts and opportunities across its markets. “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.”
Ralph has served as the MTN group 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 as well as in the resolution of a number of complex regulatory matters. It is for his role as group CFO that Ralph won the 2019 CFO of the Year Award, the Strategy Execution Award, High Performance Team Award and the Finance Transformation Award.
He graduated from the University of Cape Town with a degree in engineering and an MBA. Prior to joining MTN Group, Ralph was the CEO of Old Mutual Emerging Markets.
Ralph will be taking over from exiting CEO Rob Shuter, who steps down from his executive responsibilities on 31 August 2020.
Rob will stay on until the end of his fixed-term contract early next year to support Ralph in his new role, after which he will take up his new role as BT Group CEO.
Read more: Outgoing MTN CEO Rob Shuter to join BT Group
MTN Group chairman Mr Mcebisi Jonas said:
“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."
An update regarding the group CFO position will be made on or before 1 September 2020.