MTN Group has unveiled a sweeping leadership overhaul as part of its strategic realignment for 2025 and beyond. The changes, which reflect the company’s transition into its next phase of growth, will take effect from 1 November 2025 and include key executive appointments across its operations in Africa and the Middle East.
One of the most notable changes is the appointment of Ferdi Moolman, currently Group Chief Risk Officer (GCRO), as the new CEO of MTN South Africa, replacing Charles Molapisi. Molapisi will return to his previous role as Group Chief Technology and Information Officer (GCTIO), where he will focus on accelerating AI adoption across the business.
MTN praised Molapisi for his leadership during a challenging period marked by power outages and network resilience issues, noting his continued role on the Group Executive Committee.
The leadership changes follow MTN’s impressive financial results for the first half of 2025:
- Service revenue surged by 23.2% to R105.1 billion
- Data revenue grew by 36.5%
- Fintech revenue rose by 37.3%
- Basic EPS jumped by 231.8% to 539 cents, recovering from a 409-cent loss in H1 2024
- Headline EPS (HEPS) increased by 352.0% to 645 cents, compared to a 256-cent loss in the previous year
Although no interim dividend was declared, the board expects to issue a final dividend of 370 cents per share for FY 2025.
Executive Committee Restructuring
The Group Executive Committee (Exco) will see several changes:
- Yolanda Cuba, VP for SEA, steps down from the Group Exco to become Deputy CEO and Executive Director of MTN SA
- Mike Harper, Chairman of MTN SA, will retire in Q1 2026 and be succeeded by Sindisiwe Mabaso-Koyana
- Tsholofelo Molefe, Group CFO, will take on additional responsibilities overseeing Mergers & Acquisitions (M&A)
- Kholekile Ndamase, current M&A Chief, steps down from Exco and will report to Molefe
- Ismail Jaroudi, VP of MENA, transitions to VP of Special Projects while continuing as MTN Dubai CEO
- Ebenezer Asante becomes VP of Ghana, Southern and East Africa
- Karl Toriola, CEO of MTN Nigeria, adds the role of VP of Francophone Africa, overseeing Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville
- Mazen Mroué, GCTIO and CEO of Digital Infrastructure, will lead efforts to expand MTN’s fibre and data centre businesses, and partnerships with low-earth-orbit satellite operators
- Selorm Adadevoh, Group Chief Commercial Officer, will now oversee Strategy and Transformation
- Chika Ekeji, Chief Strategy and Transformation Officer, steps down from Exco to focus on emerging business growth
- Paul Norman, Group Chief Human Resources Officer, will retire at the end of 2026, with a successor to be announced by mid-2026
Updated Group Executive Committee (Effective 1 November 2025)
- Group President and CEO – Ralph Mupita
- Group CFO – Tsholofelo Molefe
- VP of Ghana and SEA – Ebenezer Asante
- MTN Nigeria CEO & VP of Francophone Africa – Karl Toriola
- MTN SA CEO – Ferdi Moolman
- Group Chief Commercial, Strategy & Transformation Officer – Selorm Adadevoh
- CEO of MTN Fintech – Serigne Dioum
- CEO of MTN Digital Infrastructure – Mazen Mroué
- Group CTO & CIO – Charles Molapisi
- Group Chief Legal & Regulatory Affairs Officer – Lele Modise
- Group Chief Sustainability & Corporate Affairs Officer – Nompilo Morafo
- Group CHRO – Paul Norman
- Group Chief Risk Officer – To be announced
