MTN Group today announced the appointment of four non-executive directors to the Boards of its MTN Group Fintech and Bayobab businesses. Herman Bosman will take on the role of independent Chairman of MTN Group Fintech, with Nicky Newton-King and Nosipho Molope joining the board as new independent non-executive directors. Jens Schulte-Bockum has been appointed non-executive Chairman of Bayobab.
“Building leading fintech and digital infrastructure platforms in Africa is a key part of our Ambition 2025 strategy. These appointments are aligned with our goal to accelerate growth, complete structural separations, and bring valuable strategic partners into the shareholder bases of these businesses over the medium term,” commented Ralph Mupita, MTN Group President and CEO.
Herman Bosman will assume the role of Chairman of the MTN Group Fintech Board of Directors on July 1, 2024. He brings extensive experience and leadership, having previously served as CEO of Rand Merchant Investment Holdings and RMB Holdings. Bosman holds a B.Com and LLM from the University of Johannesburg and is a Chartered Financial Analyst from AIMR, USA. His expertise in financial services and strategic insight will be crucial for guiding MTN’s fintech strategy and operations.
Nicky Newton-King, who also serves as an Independent Non-Executive Director for MTN Group, will join the MTN Group Fintech Board effective September 1, 2024. A former CEO of the Johannesburg Stock Exchange, Newton-King offers extensive experience in legal, business, capital markets, banking, and regulation.
Nosipho Molope will join the MTN Group Fintech board on September 1, 2024. With substantial experience in MTN operations and having previously served on boards across various markets, including South Africa, Cameroon, Uganda, and Zambia, Molope will chair the Audit and Risk Committee of the Group Fintech board. She also serves as an Independent Non-Executive Director for MTN Group and was formerly the CFO of the Financial Services Board (FSB) in South Africa.
Jens Schulte-Bockum, former MTN Group Chief Operating Officer, will become Chairman of Bayobab effective September 1, 2024. With extensive experience in digital infrastructure businesses across Europe and Africa, Schulte-Bockum has been a non-executive director of Bayobab since 2021.
MTN Group remains committed to fostering innovation and expanding its fintech services to enhance the lives of millions across Africa. The addition of these esteemed professionals to the boards will further strengthen MTN’s position as a leader in digital solutions for Africa’s progress.
