MTN appoints new chief financial secretary

MTN has appointed Ralph Mupita as its  new Chief Financial Officer (CFO). MTN said Mupita has extensive experience in the financial services sector, having had a distinguished career at Old Mutual over the last 16 years. “The board of directors of MTN Group, following accepted standard governance practice, is assured that Ralph is suitable to […]

MTN has appointed Ralph Mupita as its  new Chief Financial Officer (CFO). MTN said Mupita has extensive experience in the financial services sector, having had a distinguished career at Old Mutual over the last 16 years.
“The board of directors of MTN Group, following accepted standard governance practice, is assured that Ralph is suitable to take on this important role and responsibility, considering his background in the highly regulated and well developed risk framework in the financial services sector,” it added.
Gunter Engling, currently acting group CFO, will assume the position of Deputy Chief Financial Officer with effect from 3 April 2017, reporting to Mupita. Mupita takes over from Brett Goschen, who resigned earlier this year. “I am delighted to have someone of Ralph’s calibre join the team. His background in financial services and emerging markets will stand him in good stead in his new role as group CFO,” said MTN Group executive chairman Phuthuma Nhleko in a statement to shareholders announcing Mupita’s appointment.
Mupita has a BSc Engineering (Hons) and an MBA, both from the University of Cape Town. Before joining Old Mutual in 2001, he worked on engineering and construction projects in South Africa.