04 September 2020

MTN Group has named current group CFO of MTN Group, Ralph Mupita, as the new group president and CEO with effect from 1 September 2020.

Mupita has served as the MTN Group CFO since April 2017 and has played a key 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.

“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 MTN Group chairman Mcebisi Jonas. “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.”

The current group president and CEO, Rob Shuter, will step down from his executive responsibilities on 31 August 2020 and will thereafter support Ralph as required until the end of his fixed-term contract in early 2021.