MTN names new SA CEO as Molapisi shifts to tech role
Africa's biggest mobile operator MTN Group said on Monday, 18 August, that Ferdi Moolman, the current group chief risk officer, will succeed Charles Molapisi as CEO and executive director of MTN South Africa, as part of its strategic review and operating model changes.
File photo: Delegates walk past the MTN logo at the Investing in African Mining Indaba 2024 conference in Cape Town, South Africa, 7 February 2024. Reuters/Esa Alexander/File Photo
Molapisi will take up his previous role as group chief technology and information officer from 1 November, the group said in a statement as it announced a slew of leadership changes.
Tsholofelo Molefe, the group chief financial officer, will have her responsibilities expanded to incorporate the mergers and acquisitions (M&A) portfolio.
Kholekile Ndamase, currently chief M&A and business development officer, will step down from the group executive committee and have a new reporting line to Molefe in her role as the steward for the capital allocation framework, MTN added.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/
![The Red and Yellow Creative School of Business / Cape Town’s Emma Blomerus’ With Love]] is South Africa’s only finalist in the One Show’s Young Ones ADC competition (Image supplied)](https://biz-file.com/c/2604/809130-300x156.gif?3)
