MTN names Ralph Mupita as its new chief financial officer
It was also announced on Monday that Mupita resigned as CEO of Old Mutual Emerging Markets
MTN has named Old Mutual Emerging Markets chief as a new group chief financial officer, the company said on Monday. Ralph Mupita, who will also be group executive director, joins the company in the middle of a hunt for new revenue streams that include convincing its more than 200-million users to use their handsets for everything from storing money to paying bills. Mupita will take up his new role at MTN in April 2017, while acting group chief financial officer Gunter Engling will assume the position of deputy chief financial officer, the company said in a statement. Brett Goschen resigned as chief financial officer in July after more than a decade at Africa’s second-biggest telecoms operator. "I am delighted to have someone of Ralph’s calibre join the team. His background in financial services and emerging-markets will stand Ralph in good stead in his new role as group chief financial officer," said MTN executive chairman Phuthuma Nhleko. MTN has struggled to make money at a faster...
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