MTN Group said its current chief financial officer, Ralph Mupita, will take over at the helm of the company in September, from outgoing chief executive officer, Rob Shuter who is heading to BT Enterprise in the United Kingdom.
Rob Shuter contract ends 2021. Shuter will thereafter support the incoming group CEO as required until the end of his fixed term contract in March.
Mupita joined MTN as CFO in 2017 having previously worked in the financial services sector at Old Mutual Emerging Markets.
In a statement, the operator noted the executive had already played a critical role in its ongoing strategy and the ‘resolution of a number of complex regulatory matters.’
Announcing the appointment, MTN group chairman Mcebisi Jonas said: “After a rigorous and extensive search process, we are pleased to have appointed someone of Ralph’s calibre, experience and ability to fill the group president and CEO position.”
Among the challenges facing Mutipa in his new capacity will be the management of its exit from markets in the Middle East, as it looks to focus on its core African operations, and resolving issues in Nigeria where it is in a trade union dispute and being threatened with strike action.