By Lehlohonolo Lehana.
MTN Group on Friday announced that group Chief Executive (CEO) Ralph Mupita’s employment agreement has been extended until August 31, 2030.
The group reached an agreement with Mupita on the extension of his contract, originally set to run through to September 30, 2025, after which it was approved by the group board of directors at the company’s meeting on November 29, 2024, the company said in a statement.
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,” MTN Group chairperson Mcebisi Jonas said.
Mupita has held the MTN Group CEO position since September 2020. He replaced Rob Shuter, who stepped down on 31 August that year.
He had previously served as CFO of MTN Group since April 2017.
“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,” added Jonas.