Ralph Mupita, the group president and CEO of MTN Group, has had his employment term extended until August 31, 2030, the company stated today.
The telecom giant stated that the group board of directors accepted the extension of Mupita’s contract, which was initially scheduled to expire on September 30, 2025, during today’s meeting after an agreement was reached with him.
In response to the announcement available to BrandSpur telecom and information news desk, Mcebisi Jonas, the Group Chairman, said: “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,” he added.
Continuing, before joining MTN Group, Mupita spent five years as CEO of Old Mutual Emerging Markets, a company that managed more than R1 trillion in customer assets at the time and offered financial services to people and corporations in 19 countries in Africa, Latin America, and Asia.
Since joining MTN Group in April 2017 as CFO, he has been instrumental in the creation and execution of the organization’s strategy. After Rob Shuter resigned in September 2020, Mupita was elevated from CFO to CEO.
