MTN Group Limited has appointed Ralph Mupita as Chief Executive Officer, to pilot the company’s operations in Africa.
This is in line with the company’s policy of appointing internal candidates.
According to a statement by the company, as seen by Nairametrics, Mupita will take over from Rob Shuter on September 1, 2020.
Speaking on the appointment, MTN Group chairman Mr Mcebisi Jonas said the choice of Mupita had come after a rigorous and extensive search process.
In the meantime, Shuter will remain with the company until the end of his fixed-term contract in early 2021. Afterwards, he will leave to join BT Group Plc as head of the Brutish operators’ enterprise division.
Note that MTN Group’s Chairman, Phuthuma Nhleko, had named Rob Shuter as CEO in 2016, after pulling him from Vodafone Group Plc. Shuter’s key task at the time was to revive MTN, following clashes with the authorities over undocumented subscribers in Nigeria, which had caused the company a $1 billion fine.
Mupita, on the other hand, became MTN’s Chief Financial Officer in 2017, after serving almost two decades at South African insurer Old Mutual Ltd.
As CFO, the Harvard Business School graduate has helped lead the execution of a strategy that has seen MTN dispose some of its assets like telecom towers, whilst concentrating on fewer markets.