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MTN Group is pleased to announce senior leadership appointments to operating companies in Nigeria, Iran and Sudan, all of them internal candidates, as we focus on executing on our strategy to drive growth, de-leverage faster and reveal value in our fintech and fibre businesses. The appointments are effective 1 April 2022.
“A vital enabler of our strategy is having the best talent, culture and future-fit skills,” says MTN Group President and CEO Ralph Mupita. “Today’s announcement demonstrates the depth of talent within the Group, as well as the strength of our succession planning.”
Following the recent appointment of MTN Nigeria Chief Operating Officer Mazen Mroue as MTN Group Chief Information and Technology Officer, Hassan Jaber assumes the COO role at MTN Nigeria. He moves from MTN Irancell, where he serves as COO, bringing with him some 25 years of telecoms and digital experience within the MTN Group.
Jaber’s track record of building and scaling-up telecom operations and developing digital businesses through the power of mobile technology will be instrumental to MTN Nigeria as it plays its part in delivering on the Group’s strategic intent of leading digital solutions for Africa’s progress. He has served MTN in numerous markets, including Ghana, Guinea-Conakry, Sudan, Syria, Afghanistan and Yemen.
Malik Melamu, with over 28 years of managerial and executive experience, will assume the position of MTN Irancell COO, joining from MTN Sudan where he has been CEO over the last five years. Among other roles at MTN, he previously served as MTN Benin CEO and as Executive for Sales and Distribution and Customer Experience at MTN Group.
Stepping into the CEO role at MTN Sudan is Ziad Sabah, whose career within MTN spans more than a decade, most recently as MTN Syria CEO and before that as the Chief Marketing Officer of MTN Syria. Ziad is a seasoned business leader and will play a pivotal role in strengthening MTN Sudan’s market position through initiatives to advance digital and financial inclusion.
“These appointments demonstrate the depth of leadership bench-strength within the MTN Group, and we remain focused on delivering sustainable growth to our stakeholders. Nigeria, Iran and Sudan are markets with attractive demographics and tremendous potential growth opportunities for digital and financial inclusion,” concludes Mupita.
MTN Group President and Chief Executive Officer Ralph Mupita has paid a day’s working visit to Ghana to engage with some key stakeholders and reiterate MTN’s commitment to support the further development of the Ghanaian telecommunications sector and work towards greater financial inclusion.
On Wednesday, the Group CEO and his team of executives paid courtesy calls on the Bank of Ghana, the Ghana Revenue Authority, and the Ministry of Finance to interact and discuss issues of mutual interest, including localisation.
During the visit to the Bank of Ghana, Mr. Mupita expressed his appreciation for the Bank’s support over the years. Bank of Ghana Governor Dr. Ernest Addison congratulated MTN for the work done in the mobile financial services sector and indicated that the Bank was counting on MTN to continue to champion innovation and financial inclusion. Dr Addison was joined by the Second Deputy Governor Mrs Elsie Addo Awadzi.
The MTN delegation then called on the Commissioner General of the Ghana Revenue Authority Mr. Ammishaddai Owusu-Amoah and his deputies where Mr. Mupita commended Ghana for encouraging economic growth last year.
In his engagements with the Ministry for Finance, Mr. Mupita reiterated MTN Group’s continued support to the Government of Ghana in achieving its digital agenda.
This is the third visit of the Group CEO to Ghana since he assumed office in September 2020. He is accompanied by the MTN Group Senior Vice President of Markets Ebenezer Asante, MTN Ghana CEO Selorm Adadevoh, CEO of Mobile Money Ltd Eli Hini, MTN Ghana Chief Corporate Services Officer Sam Koranteng and MTN Ghana Chief Financial Officer Antoinette Kwofie.
The visit to Ghana is part of Mr. Mupita’s regular engagements with local authorities in priority markets. He calls on key stakeholders early every year to revisit the Group’s commitments, understand their expectations and foster cordial working relationships. His next stop is Nigeria.
MTN Group is pleased to announce the appointment of Eliane Houphouet-Boigny as the CEO of MTN Guinea-Bissau, effective 1 July 2021, the latest woman to take the helm at an MTN operation.
“I would like to welcome Eliane to the MTN family and look forward to her taking MTN Guinea-Bissau to new heights, as we work to lead digital solutions for Africa’s progress,” said MTN Group President and CEO Ralph Mupita.
Eliane is a seasoned professional with a career spanning more than 20 years, and experience across multiple markets in Europe and Africa. Most recently, she held several leadership roles at Nestlé, including Head of Innovation, Head of Business Transformation and Head of Operational Excellence & Continuous Improvement.
Eliane holds two Master’s degrees, one in Chemical Engineering from the Swiss Federal Institute of Technology (Switzerland) and another in Strategic Management from HEC School of Management in Paris.
She takes over the reins from Freddie Mokoena, who has been CEO of MTN Guinea-Bissau since September 2013.
‘I’d like to take this opportunity to express my sincere appreciation and gratitude to Freddie. He has done an amazing job in leading the team over the past 8 years. Freddie steered the team through a period of amazing growth, and I am deeply thankful for his invaluable guidance and contribution to MTN,’ said Mupita.
MTN has been present in Guinea-Bissau since 2005 and has around 900 000 subscribers.
MTN Group today announced the appointment of Chika Ekeji as Executive: Strategy and Transformation as part of plans to further bolster management capacity to accelerate the Group’s strategic ambitions.
Effective 15 March 2021, Chika joins Africa’s leading mobile operator from management consultancy McKinsey & Company in Nigeria, where he led the West Africa Digital Practice and served telco, financial services, and public sector clients across Africa.
“We are very pleased that Chika is joining us as we work to accelerate our strategic repositioning,” said MTN Group Chief Operating Officer Jens Schulte-Bockum.
A Nigerian-American national, Chika has a Masters of Engineering in Computer Science from Cornell University and an MBA from MIT. In his new role he will be based in South Africa.
In December 2020, MTN Group announced the completion of a comprehensive strategy review with a focus on accelerating growth, deleveraging the holding company debt and unlocking value.
To support the execution of the repositioned strategy, we announced the appointment of a new Group Chief Financial Officer as well as changes to the Group’s regional structure and the Group Executive Committee.
The revised strategy will be presented in more detail after the release of 2020 full-year results on 10 March.
MTN announced on Friday that it has completed a comprehensive review of the Group strategy with a focus on accelerating growth, deleveraging the holding company debt and unlocking value. The revised strategy will be presented in more detail following the release of MTN’s 2020 full-year results in March 2021.
To support the Group’s strategy execution, MTN Group announced the appointment of a new Group Chief Financial Officer (GCFO) as well as changes to the Company’s regional structure and the Group Exco.
We are pleased to announce the appointment of Tsholofelo Molefe as the new GCFO. Tsholofelo (51) will take up the position as soon as practically possible in 2021, but by no later than 1 October 2021.
She is a qualified chartered accountant, CA(SA), and brings deep financial, risk and telecommunications experience. As Telkom’s GCFO since 2018, as well as its Chief Risk Officer and Deputy CFO prior to that, Tsholofelo played a key role in the strategic transformation programmes at Telkom.
Prior to working at Telkom, Tsholofelo was the Finance Director at Eskom as well as the CFO for First National Bank’s Personal Banking division. She is also a Non-executive Director on the board of Curro Holdings.
Tsholofelo will also join the Group board and take over from Sugentharan Perumal who has been acting in the position of GCFO since 1 September 2020.
“We are thrilled to have an executive of Tsholofelo’s stature join us,” said MTN Group President and Chief Executive Officer Ralph Mupita. “The board is confident that she has the experience required for the position. She will play a critical role in the growth of the business and unlocking of shareholder value.”
Changes to the regional structure and the Group Exco
Effective 1 January 2021, MTN Ghana will become part of the Group’s West and Central Africa (WECA) region, a natural fit due to its geographic location in the region. From that date, MTN’s Southern and East Africa and Ghana (SEAGHA) region will be known as the Southern and East Africa (SEA) region.
Ebenezer Asante, the SEAGHA Vice President since 2017, will become the new WECA Vice President, and Yolanda Cuba, the Group’s Chief Digital and Fintech Officer, will take the helm as the SEA Vice President.
Ebenezer, 52, joined MTN in 2008 and is a highly experienced executive who has held senior positions in the Group, including CEO of MTN Ghana and CEO of MTN Rwanda. He is also a board member on a number of companies within the Group.
Yolanda, 43, joined MTN in January 2020. Prior to that she was Vodacom’s Chief Officer of Strategy and M&A and CEO of Vodafone Ghana, which saw her named telecom CEO of the year in 2018.
The SEA region is critical to MTN’s growth ambitions and presents a good opportunity for growth in mobile financial services. It also has the largest potential for further expansion. With her extensive experience in telecoms and finance, Yolanda will play a key role in driving growth and strategic progress in the region.
Serigne Dioum, Group Executive for Mobile Financial Services, will join the Exco as the Group Chief Digital and Fintech Officer. Serigne, 46, joined MTN in 2009 and has an established track record in the telecoms sector, with strong experience in mobile financial services (MFS).
Before joining MTN, he held senior positions in MFS, operational marketing, value-added services and data at Orange. Serigne is highly qualified and experienced to drive digital innovation and financial inclusion as well as build and scale these platforms as part of MTN’s growth strategy.
Kholekile Ndamase, Group Executive for Mergers and Acquisitions (M&A), will assume the new Exco role of Group Chief M&A and Business Development Officer. Kholekile, 40, joined MTN in 2016 from RMB, where he led the equity-based financing business and was responsible for financing solutions and M&A execution.
Kholekile’s experience and leadership capacity is important to the group’s portfolio optimisation drive, itself key to the strategy. This includes the asset realisation programme, which aims to reduce debt, simplify the portfolio, reduce risk, improve returns and take advantage of expansion opportunities.
These executive changes follow those announced in October: Karl Toriola as CEO designate of MTN Nigeria and Ferdi Moolman’s appointment to the new exco role of Group Chief Risk Officer. Both are effective from 1 March 2021.
Commenting on the latest appointments, Group President and CEO Ralph Mupita said: “We are excited about our journey of growth and it is important to ensure that the management capacity is in place to sustain and accelerate our key strategic ambitions. Today’s appointments follow the recent management announcement we made on the 26th of October and continues the process of further deepening the skills and experience required to lead the Group’s ambitious drive into the future.”
“Not only do these appointments safeguard continuity in the growth of our leading and scale connectivity business on the African continent, but, importantly, also support the acceleration of our digital platforms, de-risking of the business and unlocking of value. I am also particularly pleased with our continued steady progress in adding to the representation of women in our senior leadership team, which underlines MTN’s strategic focus on diversity and inclusion.”
“I look forward to the contribution of the appointed executives in driving the company forward,” he concluded.
The Group Exco will be as follows:
- Ralph Mupita – Group President and Chief Executive Officer
- Tsholofelo Molefe – Group Chief Financial Officer
- Jens Schulte-Bockum – Group Chief Operations Officer
- Godfrey Motsa – MTN South Africa CEO
- Karl Toriola – MTN Nigeria CEO (effective 1 March 2021)
- Yolanda Cuba – Vice President SEA (effective 1 January 2021)
- Ebenezer Asante – Vice President WECA (effective 1 January 2021)
- Ismail Jaroudi – Vice President MENA
- Serigne Dioum – Group Chief Digital and Fintech Officer (effective 1 January 2021)
- Ferdi Moolman – Group Chief Risk Officer (effective 1 March 2021)
- Lele Modise – Group Chief Legal Counsel
- Felleng Sekha – Group Chief Regulatory and Corporate Affairs Officer
- Paul Norman – Group Chief Human Resources Officer
- Charles Molapisi – Group Chief Information and Technology Officer
- Kholekile Ndamase – Group Chief M&A and Business Development Officer (effective 1 January 2021)
MTN Group on Monday announced two important new appointments: that of chief executive officer of major subsidiary MTN Nigeria Communications Plc and that of MTN Group chief risk officer, a new group executive committee (exco) position. Both are effective from 1 March 2021.
Karl Toriola, current vice president for MTN Group’s West and Central Africa (WECA) region, will take over as MTN Nigeria CEO from Ferdi Moolman, who has served MTN Nigeria with distinction in this role for the past five years. Ferdi will return to South Africa, where he will assume the new role of group chief risk officer.
Karl has a BSc Hons in Electronic and Electrical Engineering and a MSc in Communication Systems. Ferdi has a BCom and BCompt. He is a CA(SA). Both will remain members of the group’s exco.
Ferdi Moolman appointed as the new MTN Group chief risk officer
Ferdi (57) joined MTN in 2002 and has held several senior positions within the group in Nigeria and in Iran. He has spent the past five years as the CEO of MTN Nigeria and, as its CFO prior to that. During that time, significant progress has been made in stabilising the business and setting it on a sustainable growth path.
The management of enterprise-wide risk is integral to MTN’s growth strategy and Ferdi will bring extensive operational and financial experience to the role given his deep knowledge of the MTN Group, its markets and the telecoms sector. Ferdi will remain on the board of MTN Nigeria and will in due course be appointed to other material subsidiary boards given his new group responsibility.
Karl Toriola appointed as the new MTN Nigeria CEO
In his five years as VP of MTN’s WECA region, Karl has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years.
In addition, the WECA markets have made significant commercial and strategic strides, including the improvement of market share and the development of mobile financial services. The latter in particular is an important driver of the group’s medium- to long-term growth strategy.
Since joining the group in 2006, Karl (48) has also held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon. He is also a board member on a number of companies within the group, including MTN Nigeria. Karl’s successor as VP for WECA will be announced after the group strategy review is completed by the end of November 2020.
Exemplary leadership, extensive experience
“Karl brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role,” commented MTN Group President and CEO Ralph Mupita. “Karl started his MTN career in his home country at MTN Nigeria 14 years’ ago and has all the attributes necessary to lead this very important business into the future.”
“Ferdi has been an exemplary leader of MTN Nigeria and has put the business on a sound growth platform for the future,” said Mupita. “He brings significant strategic, financial and operational experience to the new group risk role, where we want to ensure that our enterprise-wide risk management systems are continuously strengthened and remain resilient as we drive our growth strategy.”
MTN Group owns 78,8% of MTN Nigeria, which is listed on the Nigerian Stock Exchange and contributes around a third to the group’s service revenue.
MTN Group is pleased to announce the appointment of the new chief executive officer for MTN Liberia Lonestar Cell. Rahul De, the current Chief Marketing Officer of MTN Nigeria, will take the helm at the company on November 1, 2020. Rahul replaces Uche Ofodile who departed Lonestar Cell MTN in July to become the CEO of MTN Benin.
With 23 years of experience in the telco space, ranging across multiple geographies, Rahul has spent the last two decades in senior leadership roles driving growth and leading business transformation.
“I would like to congratulate Rahul on his appointment,” said MTN Group President and CEO Ralph Mupita. “Rahul is a seasoned leader renowned for driving innovative digital and FinTech advancement in our business and in the telecommunications industry.”
Expressing appreciation for Rahul’s commitment and valued service, MTN Nigeria CEO, Ferdi Moolman said, “we thank Rahul for his unwavering dedication and commitment to ensuring that MTN Nigeria remains the market leader in our industry; and congratulate him on his new role. I know that he will continue to shine bright as he moves on from our immediate Y’ello family.”
During this tenure at MTN Nigeria, Rahul spearheaded the team that is driving digital transformation in the country, from a voice and data centric organisation to one which drives a digital and fintech future.
Rahul joined MTN in 2011 as Chief Marketing Officer of MTN Ghana, a position he held for over four years before he joined MTN Nigeria in 2015 as Chief Marketing Officer. He has an MBA in International Business and a bachelor’s degree in Science.
MTN today announces changes to the board of directors of MTN Group, as well as to the board of major subsidiary MTN South Africa.
After six years as an independent non-executive director of MTN Group – the last five as audit committee chairman – Christine Ramon will step down on 30 September to focus on her extended executive responsibilities.
Sindi Mabaso-Koyana will join the MTN Group board as an independent non-executive director on 1 September, assuming the chairmanship of the audit committee on 1 October.
Sindi is a chartered accountant with extensive experience in the public and private sectors, where she is held in high regard both locally and internationally. She has served as a non-executive director for numerous companies, and her current board positions include MTN Zakhele Futhi, AWCA Investment Holdings, Toyota SA and Phembani Group.
MTN Group chairman Mcebisi Jonas said: “Christine has played an invaluable role in ensuring the integrity of MTN’s corporate reporting, for which the board is grateful and wishes her well in her future endeavours. We also welcome Sindi, who the board believes to be a worthy successor in this critical role.”
Following the announcement in August of the appointment of group chief financial officer (GCFO) Ralph Mupita as the new group president and chief executive officer (GCEO) effective 1 September, outgoing GCEO Rob Shuter steps down from the board from this date. The board once again expresses its gratitude to Rob for his leadership and wishes him success in future.
The company continues with its rigorous recruitment process for the GCFO position, and in the interim the board has appointed Sugentharan Perumal as MTN Group’s acting GCFO. A chartered accountant for over 15 years, Sugen 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.
Finally, the group announces the appointment of Dineo Molefe as the CFO of MTN South Africa, effective 1 December 2020. Dineo is a chartered accountant and joins from T-Systems (South Africa), where she is CEO.
GCEO Ralph Mupita said: “The board is confident in the wide-ranging experience and knowledge of MTN that Sugen brings to the role. 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. We wish both Sugen and Dineo well in their new roles.”
MTN Group today announced that the current group CFO of MTN Group, Ralph Mupita, has been appointed as the new group president and CEO with effect from 1 September 2020. Ralph has served as the MTN Group CFO since April 2017 and has 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 a number of complex regulatory matters.
MTN Group chairman Mr Mcebisi Jonas said: “After a rigorous and extensive search process, we 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.”
Ralph is a graduate of the University of Cape Town with a degree in Engineering and an MBA. Prior to joining MTN Group, Ralph 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.
Commenting on his appointment, Ralph said: “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.”
“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.”
The current group president and CEO, Rob Shuter, will 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.
An update regarding the GCFO position will be made on or before 1 September 2020.
MTN Group is pleased to announce the appointment of new chief executive officers for two of its West African operations, MTN Cameroon and MTN Benin. Stephen Blewett, the current CEO of MTN Benin, will take the helm at MTN Cameroon on 1 August 2020 when Uche Ofodile, the current CEO of MTN Liberia, will become the CEO of MTN Benin.
“I would like to congratulate Stephen and Uche on their appointments,” said MTN Group president and CEO Rob Shuter. “Both are renowned for harnessing the power of people to move businesses forward. This is evident in the significant improvements in employee engagement, as well as overall performance, at MTN’s operations in Benin and Liberia in the past few years.”
Karl Toriola, vice president for MTN’s West and Central Africa region, thanked Stephen and Uche for their commitment and contribution: “Under Stephen’s leadership, MTN Benin recorded double-digit revenue growth for three years running. Uche leaves a business with double-digit year-on-year revenue growth, enjoying a nine-point market share improvement against its competitor.”
Stephen has for five years led MTN Benin, an operation of 5,5 million subscribers. He replaces Hendrik Kasteel, who left the group in March. Since then, MTN Cameroon chief financial officer Ebenezer Bodylawson has been acting CEO, steering the operation of more than 10 million subscribers.
Uche joined MTN in 2018. Since then, she has repositioned MTN Liberia as a competitive player in the market and grown its customer base to 1,45 million. The group is in the process of appointing a new CEO for MTN Liberia and will make an announcement in this regard as soon as the process is finalised.