MTN Group’s board of administrators has prolonged CEO Ralph Mupita’s contract by 5 years.
Initially scheduled to run by means of to the tip of September subsequent yr, Mupita’s contract has been prolonged till August 2030.
The phrases of the settlement weren’t instantly disclosed by MTN, which is Africa’s largest telecommunications operator by subscribers.
Talking on behalf of the board, MTN Group chairman Mcebisi Jonas stated in a press release to traders: “The extension of Ralph’s tenure will present vital continuity throughout a interval of great international and regional uncertainty.
Complicated dynamics
“It should enable MTN to successfully navigate the advanced geopolitical dynamics, market volatility and macroeconomic challenges affecting the enterprise,” Jonas stated.
Learn: Why MTN is popping to house
“Moreover, it can make sure that the corporate stays targeted on its strategic priorities and continues to ship on its commitments to shareholders and broader stakeholders.” — © 2024 NewsCentral Media
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