MTN
Group has announced the extension of Group President and CEO Ralph Mupita’s
employment contract until 31 August 2030. This decision, approved by the Group
Board of Directors, ensures continuity in leadership as the company navigates a
period marked by significant global and regional challenges. Mupita’s original
contract was set to expire on 30 September 2025.
Group
Chairman Mcebisi Jonas explained the strategic importance of this extension, noting
that it provides stability during a time of geopolitical complexities, market
fluctuations, and macroeconomic uncertainties. Jonas noted, “The extension
of Ralph's tenure will provide important continuity during a period of
significant global and regional uncertainty. It will allow MTN to effectively
navigate the complex geopolitical dynamics, market volatility, and
macroeconomic challenges affecting the business. Additionally, it will ensure
that the company remains focused on its strategic priorities and continues to
deliver on its commitments to shareholders and broader stakeholders.”
Ralph
Mupita has been instrumental in shaping MTN Group's vision and strategy since
assuming the role of CEO in September 2020. Prior to this, he served as the
company's Chief Financial Officer from April 2017, where he played a pivotal
role in driving the Group’s financial performance and strategic direction.
Under
Mupita's leadership, MTN has made significant strides in advancing its Ambition
2025 strategy, which focuses on leading digital solutions for Africa’s
progress. His tenure has also been marked by efforts to expand connectivity,
drive financial inclusion through mobile money services, and position MTN as a
leader in digital and fintech innovation across its markets.
Before
joining MTN Group, Mupita was the CEO of Old Mutual Emerging Markets,
overseeing financial services operations across 19 countries in Africa, Latin
America, and Asia. During his tenure, he managed over R1 trillion in customer
assets under management.
By:
Nana Appiah Acquaye
