[ad_1]
MTN on Tuesday outlined a board shakeup that includes the appointment of a CFO for its SA unit as Africa’s largest mobile phone group begins a new chapter under new CEO Ralph Mupita.
The company, which is in the midst of a strategic overhaul to sharpen its focus on Africa, appointed industry veteran and T-Systems SA CEO Dineo Molefe as the new CFO of its SA business as of December.
Molefe brings a wealth of experience to MTN, having served as CFO and held executive positions in the ICT, investment management and energy sectors, the group said in a statement.
He has held senior positions at Vodacom, Thebe Investments and the Industrial Development Corporation (IDC) and has an established track record of leadership and management of complex business transformation programs, MTN said.
His Tuesday appointment is part of the changes at MTN on Mupita’s first day in the CEO suite. It is expected to continue the strategic growth outlined by its predecessor, Rob Shuter, who sent the company into the unknown world of finance by putting mobile money at the center of its plans.
Shuter will leave MTN to head a division of Britain’s BT Telecom in March 2021 after a four-year term.
While the group seeks a permanent replacement for the former CFO of the Mupita group, it has appointed Sugentharan Perumal as the group’s interim CFO. As a CPA, Perumal has held various executive and board positions at the company and is currently acting CFO of MTN SA and was previously CFO of MTN Irancell, one of its largest subsidiaries.
The company also announced the departure of non-executive director Christine Ramon, welcoming Sindi Mabaso-Koyana, president of AWCA Investment Holdings, to the board.
Current Mabaso-Koyana board positions include MTN Zakhele Futhi, Toyota SA and the Phembani Group.
Last week, Vodacom appointed Nedbank CFO Raisibe Morathi as its CFO.
