MTN Group announces new leadership in Fintech, Bayobab
By Oluwaseyi Lawal
MTN Group has announced the appointment of four non-executive directors to the boards of its MTN Group Fintech and Bayobab subsidiaries.
According to a company statement, Herman Bosman will serve as the independent chairman of MTN Group Fintech, while Nicky Newton-King and Nosipho Molope have joined the board as new independent non-executive directors.
Additionally, Jens Schulte-Bockum has been named the non-executive chairman of Bayobab, MTN’s next-generation services division focused on providing digital solutions across Africa.
The Group president and CEO of MTN, Ralph Mupita said, “Building leading fintech and digital infrastructure platforms in Africa is a key part of the Ambition 2025 strategy.”
“These appointments align with the focus on accelerating growth, completing the structural separations and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term.”
Bosman has been named chairman of the MTN Group Fintech board. MTN highlights that he brings extensive experience and leadership to the role, having previously held the position of CEO at Rand Merchant Investment Holdings and RMB Holdings. He holds a BCom and LLM from the University of Johannesburg and is a chartered financial analyst from AIMR, US. MTN states that his deep understanding of the financial services sector and strategic insight will be crucial in steering the company’s fintech strategy and operations.
Newton-King, who also serves as an independent non-executive director for MTN Group, will join the MTN Group Fintech Board as a member, effective 1 September. She is a former CEO of the Johannesburg Stock Exchange and brings vast experience in legal matters, business operations, capital markets, banking, and regulation, according to the company.
Molope, who will also join the MTN Group Fintech board on 1 September, is noted by MTN for her familiarity with MTN’s operations, having served on various operating company boards in markets such as South Africa, Cameroon, Uganda, and Zambia. She previously served as CFO of the Financial Services Board in South Africa and has significant board experience with SA-listed companies. MTN adds that Molope will chair the Audit and Risk Committee of the Group Fintech board.
Schulte-Bockum, former chief operating officer of MTN Group, has been appointed chairman of Bayobab, effective 1 September. MTN emphasizes that Schulte-Bockum brings extensive experience and expertise in digital infrastructure businesses across Europe and Africa and has been serving as a non-executive director of Bayobab since 2021.
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