MTN. Picture: BLOOMBERG/NADINE HUTTON
MTN. Picture: BLOOMBERG/NADINE HUTTON

MTN on Tuesday outlined a board shake-up that includes the appointment of a finance chief for its SA unit as Africa’s biggest mobile phone group starts a new chapter under new CEO Ralph Mupita.

The company, which is in the middle of a strategic overhaul to sharpen its focus on Africa, named industry veteran and T-Systems SA CEO Dineo Molefe as the new head of finance for its SA business with effect from December.

Molefe brings a wealth of experience to MTN, having served as CFO and held executive positions in the ICT, investment management and energy sectors, the group said in a statement.

She has held senior roles at Vodacom, Thebe Investments and the Industrial Development Corporation (IDC) and has an established track record of leading and managing complex business transformation programmes, MTN said.

Her appointment on Tuesday is part of changes at MTN on Mupita’s first day in the CEO suite. He is expected to continue with strategic growth outlined by his predecessor, Rob Shuter, who sent the company into the unfamiliar world of finance by placing mobile money at the centre of its plans.

Shuter is leaving MTN to head a division of Britain’s BT Telecom in March 2021 after a four-year tenure. 

While the group looks for a permanent replacement for former group CFO Mupita, it has tasked Sugentharan Perumal as acting group CFO. A chartered accountant, Perumal has held various executive and board positions at the company and is currently acting CFO of MTN SA and was previously CFO at MTN Irancell,  one of its biggest subsidiaries.  

The company also announced the departure of nonexecutive director Christine Ramon, as it welcomes Sindi Mabaso-Koyana, chairperson of AWCA Investment Holdings, to the board.  

Mabaso-Koyana’s current board positions include MTN Zakhele Futhi, Toyota SA and the Phembani Group. 

Last week, Vodacom named Nedbank CFO Raisibe Morathi as its finance chief.  

gernetzkyk@businesslive.co.za

gavazam@businesslive.co.za

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