MTN has today announced the current group Chief Financial Officer (CFO), Ralph Muputa as the newly appointed President and CEO with effect from 1st September 2020. Having served as the MTN Group CFO since April 2017, Ralph replaces outgoing CEO Rob Shuter for the company’s top seat.
In his position as the Group CFO, Ralph played a critical role in the development and execution of the giant telecommunications company’s strategy, capital allocation processes, financial performance, and resolution of complex regulator matters.
According to the MTN Group Chairman Mr. Mcebisi Jonas, Ralph was selected after a rigorous and extensive search process, through which they had to select someone of Ralph’s caliber, experience, and ability to fill the group’s 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.”
Prior to joining MTN Group, Ralph graduated from the University of Cape Town with a degree in Engineering and an MBA. He then became the CEO of Old Mutual Emerging Markets – a company that provides financial services to individuals across 19countries in Africa, Latin America, and Asia.
Commenting on his appointment, Ralph said: “Leading a business with MTN Group’s history, scale, and socio-economic impact is a privilege and honor, and I look forward to working with the group board and executive committee in driving growth and unlocking value for shareholders and broader stakeholders.”
The current and outgoing group President and CEO Rob Shuter will step down from his executive role on 31st August 2020, and will support Ralph as required until the end of his fixed-term contract in 2021.
Since the Group’s President and CEO position has now been occupied, the upcoming CEO’s previous role as CFO is now vacant and an announcement may be shared by the Company before 1st September 2020.