Ralph Mupita, CEO of MTN Group

Head of MTN Group Chief Financial Officer Ralph Mupita took over from former CEO Rob Shuter on Tuesday, paving the way for a new era in Africa’s largest telecommunications group by subscribers.

Shuter leaves MTN to join BT Group as CEO of the British company’s entrepreneurial business.

MTN said in a statement to shareholders on Tuesday that Sugentharan Perumal will replace Mupita as CFO on an interim basis until a full-time CFO of the group is appointed.

Perumal has served as MTN’s external auditor and has held several key executive and board positions within the group. Sugen is currently acting CFO of MTN South Africa and previously held the same position at MTN Irancell.

The group also announced several changes to its board of directors and other management changes:

  • Christine Ramon will step down as director at the end of September to “focus on her extended executive responsibilities.” Ramon has been a director of MTN since 2014 and for the past five years has served as chair of the group’s audit committee.
  • Sindi Mabaso-Koyana has been appointed an independent non-executive director of MTN Group, effective immediately. His career has included MD of Viamax Logistics, a subsidiary of Transnet, CFO of the Transnet group, and CEO of Ernst & Young. Mabaso-Koyana has been appointed chair of the audit committee of the MTN group as of October 1.
  • Dineo Molefe has been appointed Chief Financial Officer of MTN South Africa, effective December 1. He will join MTN South Africa from T-Systems South Africa, where he is CEO. – © 2020 NewsCentral Media