MTN Group has confirmed the extension of CEO Ralph Mupita’s contract, now set to run until 31 August 2030. The original contract was due to expire in September 2025, but the MTN board approved an early extension, highlighting Mupita’s crucial role in guiding the company through turbulent times.
Continuity Amid Global Uncertainty
MTN Group chair Mcebisi Jonas emphasised the importance of stability in leadership during this challenging period of geopolitical tensions and market fluctuations. “The extension of Ralph’s tenure will provide important continuity during a period of significant global and regional uncertainty,” Jonas explained. He stressed that Mupita’s continued leadership would help MTN navigate complex macroeconomic challenges while ensuring the company stays committed to its strategic goals and shareholder expectations.
A Proven Leader in Telecoms and Finance
Ralph Mupita has led MTN Group as CEO since September 2020, succeeding Rob Shuter, who stepped down in August of that year. Before assuming the top role, Mupita served as MTN Group’s Chief Financial Officer (CFO) from April 2017, where he played a pivotal role in shaping the group’s financial strategy, capital allocation, and resolving regulatory matters.
According to Jonas, Mupita’s extensive experience in finance, mergers and acquisitions (M&A), and emerging markets uniquely positions him to lead MTN’s growth and sustainability efforts. “Ralph’s strong knowledge of our businesses and markets, coupled with his 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,” Jonas said.
Navigating the Future with a Strategic Focus
Under Mupita’s leadership, MTN has weathered significant market volatility and regulatory challenges. The company’s decision to extend his contract underscores its confidence in his ability to deliver continued value to shareholders and position MTN for long-term success. The extension also signals MTN’s commitment to maintaining a steady course amid global and regional uncertainties.
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