MTN Group has announced the extension of Chief Executive Officer Ralph Mupita’s contract, securing his leadership until 31 August 2030. The agreement, approved by the board of directors, extends the South African telecommunications giant’s top executive’s tenure by five years beyond its initial conclusion in September 2025.

This decision, according to MTN Group chair Mcebisi Jonas, underscores the importance of continuity during a period of global and regional volatility. Jonas cited the pressing need to address geopolitical uncertainties, market turbulence, and macroeconomic complexities as key reasons for ensuring Mupita remains at the helm.

“Ralph’s extended tenure provides critical stability as MTN navigates a dynamic landscape,” said Jonas. “This continuity will allow the group to sustain its strategic trajectory and uphold commitments to shareholders and broader stakeholders alike.”

Mupita, who assumed the CEO role in September 2020 following Rob Shuter’s departure, has been a pivotal figure in MTN’s operations, particularly in steering the company through regulatory and financial challenges. His prior role as Chief Financial Officer, a position he held from April 2017, saw him deeply involved in strategy development, capital allocation, and resolving complex regulatory issues.

Reflecting on his tenure, MTN lauded Mupita’s financial acumen and his expertise in mergers and acquisitions, as well as his deep understanding of emerging markets. Jonas further remarked that Mupita’s leadership would remain instrumental in ensuring MTN’s growth and sustainability amid evolving industry dynamics.

MTN operates in several African and Middle Eastern markets, making it one of the largest mobile operators in the world. Under Mupita’s leadership, the company has prioritised infrastructure investment and digital inclusion initiatives while addressing regulatory and competitive pressures.

Mupita’s experience in financial services and emerging markets has positioned him as a well-regarded figure in the telecoms industry. His leadership continuity is expected to solidify MTN’s strategic focus, particularly as it grapples with global economic headwinds and seeks to expand its footprint in high-growth regions.