The board of directors at MTN Group has decided to extend the contract of CEO Ralph Mupita by an additional five years. Initially, Mupita’s contract was set to expire at the end of September next year, but it has now been extended until August 2030.
MTN, which holds the title of Africa’s largest telecommunications operator by subscriber count, did not immediately reveal the specific terms of this new agreement.
In a statement addressed to investors, MTN Group chairman Mcebisi Jonas spoke on behalf of the board, emphasizing the importance of this extension. He stated, “The extension of Ralph’s tenure will provide important continuity during a period of significant global and regional uncertainty.”
Jonas elaborated on the complexities the company faces, noting, “It will allow MTN to effectively navigate the complex geopolitical dynamics, market volatility, and macroeconomic challenges affecting the business.”
He further highlighted the strategic benefits of this decision, saying, “Additionally, it will ensure that the company remains focused on its strategic priorities and continues to deliver on its commitments to shareholders and broader stakeholders.”
