MTN appoints Ralph Mutipa as CEO.
Current MTN Group CFO, Ralph Mupita, Zimbabwe’s very own, has been appointed the new CEO of MTN Group with effect from September 1, 2020.
By Antonnate S Mugodi
Mupita has served as the MTN Group CFO since April 2017.
He played a very critical role in the development and execution of the group’s strategy, capital allocation and processes, financial performance as well as in the resolution of a number of complex regulatory matters.
Mr Mcebisi Jonas MTN Group chairman 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.”
Mutipa holds a degree in Engineering and an MBA from Cape Town University.
He was the CEO of Old Mutual Emerging Markets for five years, prior to joining MTN Group, a business that provided financial services to individuals and corporates across 19 countries in Africa, Latin America and Asia managing over R1 trillion of customer assets under management at the time.
After he got appointed Mupita commented saying his appointment was such an honor.
“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.”
“MTN Group is well positioned to take advantage of the digital acceleration shifts and opportunities across our markets, and 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.”
Rob Shuter, the current group president and CEO will step down from his executive responsibilities on August 31 2020 and will be supporting Mutipa as required until the end of his fixed-term contract early 2020.
Comments
About Author
