Ralph Mupita delighted with the opportunity to serve as the new MTN group president and CEO.
MTN Uganda on Wednesday announced that with effect from September 1, 2020, Ralph Mupita will serve as the group new president and Chief Executive Officer (CEO).
Ralph has been serving as the MTN Group Chief Financial Officer (CFO) since April 2017. He played a critical role in the development and execution of the group’s strategy, capital allocation processes, financial performance as well as in the resolution of several complex regulatory matters.
According to the MTN Group chairman, Mr Mcebisi Jonas, after a rigorous and extensive search process, they are pleased to have appointed someone of Ralph’s calibre, experience and ability to fill the group president and 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,’’ Mr Mcebisi said.
As a person with vast experience, Ralph Mupita is a graduate of the University of Cape Town with a degree in Engineering and an MBA.
Before joining MTN Group, Ralph Mupita was the CEO of Old Mutual Emerging Markets for five years, a business that provided financial services to individuals and corporates across 19 countries in Africa, Latin America and Asia, managing over R1 trillion of customer assets under management at the time.
While commenting on his appointment, Ralph who couldn’t hold back his excitement said that he was looking forward to working with the group board and executive committee in pushing brands even further.
“Leading a business with MTN Group’s history, scale and socio-economic impact is a privilege and honour, and I look forward to working with the group board and executive committee in driving growth and unlocking value for shareholders and broader stakeholders,’’ Ralph said.
“MTN Group is well positioned to take advantage of the digital acceleration shifts and opportunities across our markets, and we are well placed to play an important and leading role in digital and financial inclusion of the African continent, working with our stakeholders and partners.”
Meanwhile, he will take up his new position in September with the current group president and CEO, Rob Shuter, expected to effectively step down from his executive responsibilities on 31 August 2020 and will thereafter support Ralph as required until the end of his fixed-term contract early next year.