MTN appoints new group CFO, shifts regional structure

News General Africa 4 DEC 2020
MTN appoints new group CFO, shifts regional structure
MTN Group said it has completed a comprehensive review of the company's strategy, with a focus on accelerating growth, deleveraging holding company debt and unlocking value. The revised strategy will be presented in more detail following the release of MTN’s 2020 full-year results in March. To support strategy execution, MTN has appointed a new group chief financial officer (GCFO) and adjusted its regional structure and executive team.

MTN has appointed Tsholofelo Molefe its new GCFO. Tsholofelo will take up the position as soon as practically possible in 2021, but by no later than 1 October 2021. A qualified chartered accountant, she has been Telkom’s GCFO since 2018, serving as chief risk officer and deputy CFO before that. Tsholofelo was also worked at Eskom and the First National Bank. She is in addition a non-executive director on the board of Curro Holdings.

Regional and executive shake-up

Meanwhile, from 1 January, MTN Ghana will become part of the Group’s West and Central Africa (WECA) region while MTN’s Southern and East Africa and Ghana (SEAGHA) region will be known as the Southern and East Africa (SEA) region. Ebenezer Asante, the SEAGHA VP since 2017, will become the new WECA Vice President, and Yolanda Cuba, the group’s chief digital and fintech officer, will take the helm as SEA VP. Asante joined MTN in 2008 and served as CEO of MTN Ghana and CEO of MTN Rwanda. He is also a board member on a number of companies within the Group. Cuba joined MTN in January of this year. Prior to that, she was Vodacom’s chief officer of strategy and M&A and CEO of Vodafone Ghana.

Serigne Dioum, group executive for mobile financial services, will join the executive team as group chief digital and fintech officer. Dioum joined MTN in 2009. Kholekile Ndamase, group executive for mergers and acquisitions will assume the new Exco role of group chief Mergers and acquisition and business development Officer. Ndamase joined MTN in 2016 from RMB. These executive changes follow those announced in October.

The group executive team will now include: 

  • CEO Ralph Mupita,
  • GCFO Tsholofelo Molefe,
  • group chief operations officer Jens Schulte-Bockum, 
  • MTN South Africa CEO Godfrey Motsa,
  • MTN Nigeria CEO Karl Toriola (from March),
  • VP SEA Yolanda Cuba (from January),
  • VP WECA Ebenezer Asante (from January),
  • VP MENA Ismail Jaroudi,
  • group chief digital and fintech officer Serigne Dioum (from January),
  • group chief risk officer Ferdi Moolman (from March),
  • group chief legal counsel Lele Modise,
  • group chief regulatory and corporate affairs officer Felleng Sekha,
  • group chief human resources officer Paul Norman,
  • group chief information and technology officer Charles Molapisi, and
  • group chief mergers and acquisitions and business development officer Kholekile Ndamase (from January).

Categories:

General

Companies:

MTN,  MTN Ghana,  MTN Nigeria,  MTN Rwanda,  MTN South Africa,  Vodafone Ghana

Regions:

Africa

Tags:

Corporate strategy, Officers & directors

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