MTN Group has appointed Sugentharan Perumal as chief financial officer (CFO) following the appointment of the previous CFO, Ralph Mupita, as the new MTN Group CEO.
“The company continues with its rigorous recruitment process for the GCFO position, and in the interim the board has appointed Sugentharan Perumal as MTN Group’s acting GCFO,” the company informed investors on Tuesday.
A chartered accountant for over 15 years, Sugen has extensive financial and accounting experience.
He has served as an external auditor of MTN Group and held various key executive and board positions within the group. He is currently acting CFO of MTN South Africa and previously held the CFO position at MTN Irancell.
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 is a chartered accountant and joins from T-Systems (South Africa), where she is CEO.
GCEO Ralph Mupita said: “The board is confident in the wide-ranging experience and knowledge of MTN that Sugen brings to the role. 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. We wish both Sugen and Dineo well in their new roles.”
MTN today also announced changes to the board of directors of MTN Group, as well as to the board of major subsidiary MTN South Africa.
After six years as an independent non-executive director of MTN Group – the last five as audit committee chairman – Christine Ramon will step down on 30 September to focus on her extended executive responsibilities.
Sindi Mabaso-Koyana will join the MTN Group board as an independent non-executive director on 1 September, assuming the chairmanship of the audit committee on 1 October.
Sindi is a chartered accountant with extensive experience in the public and private sectors, where she is held in high regard both locally and internationally. She has served as a non-executive director for numerous companies, and her current board positions include MTN Zakhele Futhi, AWCA Investment Holdings, Toyota SA and Phembani Group.
MTN Group chairman Mcebisi Jonas said: “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. We also welcome Sindi, who the board believes to be a worthy successor in this critical role.”