MTN Group Extends CEO Ralph Mupita’s Tenure Until 2030
The MTN Group board has extended the contract of its Chief Executive Officer, Ralph Mupita, until August 2030. Originally set to conclude in September 2025, the extension ensures continuity in leadership amid global and regional uncertainties.
MTN Group Chairman Mcebisi Jonas, in a statement to investors, emphasized the importance of this decision in navigating geopolitical complexities, market volatility, and macroeconomic challenges. “The extension will enable MTN to focus on its strategic priorities and fulfill commitments to shareholders and stakeholders,” Jonas stated.
Mupita took over as MTN Group CEO in 2019, succeeding Rob Shuter, after serving as the company’s Chief Financial Officer (CFO) since 2017. As CFO, he was instrumental in capital allocation and financial performance while resolving complex regulatory challenges. Before joining MTN, Mupita served as CEO of Emerging Markets at Old Mutual plc, where he led operations across 19 countries.
He holds a bachelor’s degree in civil engineering and an MBA from the University of Cape Town. Additionally, he is a graduate of Harvard Business School’s Graduate Management Program.
This extension follows a recent investigation into allegations of preferential treatment and leadership concerns. An anonymous whistleblower complaint raised concerns over Mupita’s relationship with a female executive and alleged a culture of fear within the company. However, an independent investigation cleared Mupita of any misconduct.
In response, the MTN board reaffirmed its support for Mupita, stating that the matter was thoroughly reviewed and resolved. The group expressed confidence in his leadership and strategic direction.
