MTN Group today announced the appointment of Ralph Mupita, the current group CFO, as the new group president and CEO as replacement of Rob Shuter.

Rob Shuter is joining BT Group as the head of its enterprise business.

Ralph Mupita 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 regulatory matters.

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.

“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,” Ralph Mupita said.

Rob Shuter, the current group president and CEO, will be stepping down from his executive responsibilities on 31 August 2020 and will support Ralph Mupita until the end of his fixed-term contract early next year.