Strengthening alignment in implementation of capital allocation
Tsholofelo Molefe, the Group Chief Financial Officer (GCFO) 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 Exco and have a new reporting line to Tsholofelo in her role as the steward for the capital allocation framework and its implementation at the Group level.
Streamlining our Markets structure for greater efficiency and growth
Ismail Jaroudi, currently Vice President (VP) of Middle East and North Africa, will step down from Group Exco and assume the role of VP of Special Projects in the office of the Group President and CEO, focused on portfolio optimisation initiatives. He will also continue his role as CEO of MTN Dubai.
Enhancing growth and returns in South Africa
Ferdi Moolman, the current Group Chief Risk Officer (GCRO), will succeed Charles Molapisi as CEO and Executive Director of MTN South Africa. Charles led MTN SA through a challenging period of high power outages and network resilience, maintaining the company's network leadership.
Yolanda Cuba, currently VP for SEA, will step down from Group Exco to become Deputy CEO and Executive Director of MTN SA. Both Ferdi and Yolanda bring extensive group-wide experience and will collaborate to accelerate growth and maximize returns in MTN SA.
Consolidating commercial and strategy structure
Selorm Adadevoh, currently the Group Chief Commercial Officer (GCCO), will take on expanded responsibilities to include Strategy and Transformation. Chika Ekeji, the current Chief Strategy and Transformation Officer, will step down from the Group Exco to focus on accelerating the growth of some of the emerging businesses aligned to the platform strategy.
Succession in key Group roles
The replacement of the current GCRO, will be announced in due course and the role will continue to be included in the Group Exco. Paul Norman, currently Group Chief Human Resources Officer, will be retiring at the end of 2026. Paul's successor is anticipated to be announced by mid-2026.
