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JOHANNESBURG, Aug 19 (Reuters) - South African mobile
operator MTN Group Ltd MTNJ.J said on Wednesday Chief
Financial Officer Ralph Mupita will succeed Rob Shuter as group
president and chief executive from Sept. 1.
"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," group Chairman Mcebisi Jonas said.
Mupita has served as group CFO since April 2017 and has
helped the board develop and execute the group's strategy of
diversifying from just offering voice and data services into
offering financial and digital services and cloud solutions.
A former CEO of Old Mutual Emerging Markets for five years,
he has also helped MTN navigate major regulatory challenges,
especially in Nigeria.
Mupita welcomed his appointment saying MTN is well
positioned to take advantage of the digital acceleration shifts
and opportunities across its markets and well placed to tap the
continent's unbanked population.
In March MTN announced that Shuter would step down at the
end of his four-year term in March 2021, with the 52-year-old
saying he chose not to renew his contract.
In July he was appointed to head the enterprise unit of
British broadband and mobile operator BT BT.L from next year.
Shuter, will step down from his executive responsibilities
on August 31 and support Mupita as required until the end of his
fixed-term contract early next year, MTN said.
The company said it would provide an update regarding the
group CFO position on or before September 1.