MTN names new group CFO

Telecommunications group MTN has a new chief financial officer. Ralph Mupita, the CEO of Old Mutual emerging markets, will take over as MTN’s CFO on 3 April 2017.
Ralph Mupita

Telecommunications group MTN has a new chief financial officer. Ralph Mupita, the CEO of Old Mutual emerging markets, will take over as MTN’s CFO on 3 April 2017.
Mupita’s appointment adds to a growing list of top executives that MTN has hired from the financial services industry.
Incoming group CEO Rob Shuter is a previous head of Nedbank’s retail business. He will take the reins at the mobile group in March next year.
And Stephen van Coller, formerly head of Absa’s Corporate and Investment Bank, took over as MTN’s vice-president of strategy and mergers & acquisitions on 1 October.
MTN said Mupita has “extensive experience in the financial services sector, having had a distinguished career at Old Mutual over the last 16 years”.
“The board of directors of MTN Group, following accepted standard governance practice, is assured that Ralph is suitable to take on this important role and responsibility, considering his background in the highly regulated and well developed risk framework in the financial services sector,” it added.
Gunter Engling, currently acting group CFO, will assume the position of deputy chief financial officer with effect from 3 April 2017, reporting to Mupita.
Mupita takes over from Brett Goschen, who resigned earlier this year.
“I am delighted to have someone of Ralph’s calibre join the team. His background in financial services and emerging markets will stand him in good stead in his new role as group CFO,” said MTN Group executive chairman Phuthuma Nhleko in a statement to shareholders announcing Mupita’s appointment.
Mupita has a BSc Engineering (Hons) and an MBA, both from the University of Cape Town. Before joining Old Mutual in 2001, he worked on engineering and construction projects in South Africa.
In his current role as CEO of Old Mutual Emerging Markets, Mupita is responsible for Old Mutual’s operations in emerging markets, excluding Nedbank. He will serve a three-month notice period with his current employer.

Manasseh Azure writes: So what was the EOCO thinking? That Dr.Nduom's businesses are NGO's?

Common sense would not even permit me,a lay man to ask Dr.Nduom about his source of funds.

Dr.Nduom is a shareholder at Fan Milk,Akatakyiman Rural Bank,Kakum Rural Bank,Hords(Brown Gold Cocoa) etc

Banking:
1.Dr.Nduom recently acquired ISF Bank in the USA and invested $9 in the business.

2.GN Bank started in 2006 and has over 280 locations.

3.1st.National Togo commenced 2 years ago

4.GN Bank,Ivory Coast started over a year ago

5.Dr.Nduom recently acquired Liberia International Bank,now GN Bank Liberia

Non Bank Financial Institutions:
6.Pentrust (Management of Pensions)

7.Acquired Liberia Enterprise Development Finance Company(LEDFC) in 2003

8.Renowned private equity firm Ghana Growth Fund Company

9.He owns GN Mobile Money (GNMM)

10.Gold Coast Fund Management which started in 1993 has been the best investment adviser for years including this year and has over 13 locations spread across the 10 regions of Ghana

Radio Stations:
Dr.Nduom has 16 radio stations across the length and breadth of this country and one in the UK namely ( Easy Fm,Goodlife Fm,Ahomka Fm,Ahomka Fm UK,Agoro fm,Kasapreko Fm,Adehye Fm,Anigye Fm,Ahoto Fm,Sunshine Fm,Suphelele Fm,Light Fm,Wa Radio,Okyeman Fm,Enyidado Fm,Golden Pod,

Television:
Dr.Nduom owns First Digital,
27.ATV,
28.BTA,
29.Ocean 1 TV

Industries:
30.Fresh Pak Products,
31.EPPL,
32.GN Quarry,
33.Concrete Products,
34.GN Electronics,
35.GN Printing,
36.GN Logistics,
37.etc..Worawora Rice Milling factory coming soon.

Hotels:
38.Regency Hotel,
39.Coconut Grove Hotel Sakumono,
40.African Village,
41.Miners Lodge,
42.Coconut Grove Beach Resort

Education:
43.Monica Yorke Preparatory School,Elmina
44.Nduom School of Business and Technology,Elmina

Construction:
45.Yorke Properties
46.GN Power

Entertainment:
47.Elmina Sharks Fc
48.Sea Lions Fc
49.Spyder Lee
50.Nduom Sports Stadium
51.Digicut

Insurance:
52.GN Life Assurance
53.GN Reinsurance

54.International Business Solutions (IBS),USA
55.Qualtek Limited(IT)
56.GN Legal
56.GN Accounting Finance and Research
58.Sterlin Protection Services
59.GN Corporate
60.GN Health
61.GNHR
62.GN Research
63.GN Ambulance Brigade
64.Hedjorl3 Online Radio
65.GN Micro Enterprise Business
66.GN Farms  (Awiwmu(KEEA and Brekum )
67.GN Motors
68.GN Autoshop
69.Ghanaian Journal
70.Institute for Progressive Research & Advocacy (IPRA)
71.GN Micro Insurance
72.Sterlin Management Services (HR Consultancy)

73.Brokerage:
Gold Coast Brokerage

74.Newspaper
Today Newspaper