MTN appoints acting group chief financial officer

Sugentharan Perumal has been appointed as acting MTN Group chief financial officer (CFO) following the appointment of the previous CFO, Ralph Mupita, as the new MTN Group CEO.

Perumal is currently acting CFO of MTN South Africa and previously held the CFO position at MTN Irancell.

A chartered accountant for over 15 years, he has also served as an external auditor of MTN Group and held various key executive and board positions within the company.

“The board is confident in the wide-ranging experience and knowledge of MTN that Sugen brings to the role,” said Mupita.

MTN also announced that Dineo Molefe has been appointed to replace Perumal as the new CFO of MTN South Africa, effective from 1 December 2020.

Molefe joins MTN from T-Systems South Africa, where she is currently the CEO, and will take up her new role from 1 December.

“We also welcome Dineo to MTN South Africa, to which she brings a wealth of experience, having held a number of executive positions in the ICT, investment management and energy sectors,” said Mupita.

“We wish both Sugen and Dineo well in their new roles.”

Board changes

MTN has announced additional changes to the MTN Group board of directors as Christine Ramon is stepping down from her position as an independent non-executive director after six years in the role.

Ramon, who was also the audit committee chairperson for the past five years, will be replaced by Sindi Mabaso-Koyana both in her capacity as an independent non-executive director and as audit committee chairperson.

Mabaso-Koyana will assume her role as a non-executive director on 1 September and will take over the chairmanship of the audit committee on 1 October.

“Christine has played an invaluable role in ensuring the integrity of MTN’s corporate reporting, for which the board is grateful and wishes her well in her future endeavours,” said MTN Group chairperson Mcebisi Jonas.

“We also welcome Sindi, who the board believes to be a worthy successor in this critical role.”


Read: MTN appoints new chief executive

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MTN appoints acting group chief financial officer