MTN Group Appoints Acting CFO

MTN has appointed Sugentharan Perumal as acting Group Chief Financial Officer (CFO) – this comes as the telco’s former CFO, Ralph Mupita, takes up his new position as Group CEO.

A chartered accountant for over 15 years, Perumal has extensive financial and accounting experience. He has served as an external auditor of MTN Group and held various key executive and board positions within the group.

He is currently acting CFO of MTN South Africa and previously held the CFO position at MTN Irancell. “The board is confident in the wide-ranging experience and knowledge of MTN that Sugen brings to the role,” says Mupita.

MTN also announced the appointment of Dineo Molefe as the CFO of MTN South Africa, effective 1 December 2020 – she will replace Perumal. Molefe is a chartered accountant and joins from T-Systems (South Africa), where she is CEO.

“We also welcome Dineo to MTN South Africa, to which she brings a wealth of experience, having held a number of executive positions in the ICT, investment management and energy sectors,” says Mupita.

“We wish both Sugen and Dineo well in their new roles.”

MTN Appoints New Group CEO

MTN has appointed Ralph Mupita as the new group CEO, effective from 1 September 2020. He succeeds Rob Shuter who is due to step down on 31 August.

“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,” says MTN.

Edited by Jenna Delport
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