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All about MTN
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Welcome to our 2025 Integrated Report
Our reporting suite
Our approach to integrated thinking and value creation
Our approach to materiality
About this report
An overview of MTN Group
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the Group CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – Transforming Africa's growth potential

How we create and preserve value
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Creating and preserving value through our business model
Outcomes and trade-offs
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2030 strategy
Meaningful value delivered by Ambition 2025
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value

Governance and remuneration
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Directors' Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
Governance in support of value creation
Our Executive Committee
Human Capital and Remuneration Committee Chair's review
Remuneration Report summary
Definitions for assured non-financial data
Independent assurance practitioner’s limited assurance report
Glossary
Administration
Governance and remuneration

Our Executive Committee

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The Exco facilitates the effective control of the Group’s operational activities in terms of its delegated authority approved by the Board. Its responsibilities include making recommendations to the Board regarding the Group’s policies and strategy, as well as monitoring the implementation of the strategy according to the Board’s directives. The Exco convenes at least monthly, and more frequently if necessary.

Ralph Mupita

Ralph Mupita

(Born 1972)

Group President and CEO

Tsholofelo Molefe

Tsholofelo Molefe

(Born 1968)

Group Chief Financial Officer

Ferdi Moolman

Ferdi Moolman

(Born 1963)

CEO: MTN South Africa

Karl Toriola

Karl Toriola

(Born 1972)

CEO: MTN Nigeria and VP: Francophone Africa

Ebenezer Asante

Ebenezer Asante

(Born 1968)

Vice President: Ghana and SEA Region

Selorm Adadevoh

Selorm Adadevoh

(Born 1974)

Group Chief Commercial, Strategy and Transformation Officer

Serigne Dioum

Serigne Dioum

(Born 1974)

Group Chief Fintech Officer

Mazen Mroué

Mazen Mroué

(Born 1971)

CEO: MTN Digital Infrastructure

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During 2025, the executive team was restructured to better position the Group to deliver on its strategic priorities. As part of this process, a number of Exco members stepped down from the committee to assume other key responsibilities, several portfolios were consolidated and titles revised. Notable changes included a transition at MTN South Africa in the CEO role and the appointment of a Deputy CEO. The Board thanks the outgoing Exco members for their leadership, dedication and significant contributions to the Group’s progress and wishes them success in their new responsibilities.

Lele Modise

Lele Modise

(Born 1978)

Group Chief Legal and Regulatory Officer

Charles Molapisi

Charles Molapisi

(Born 1975)

Group Chief Technology and Information Officer

Nompilo Morafo

Nompilo Morafo

(Born 1979)

Group Chief Sustainability and Corporate Affairs Officer

Paul Norman

Paul Norman

(Born 1965)

Group Chief Human Resources Officer

Now with 12 members, the Board is confident in its collective skills and ability to execute on the strategic priorities.