Current Acting Chief Financial Officer (CFO) of MTN South Africa, Sugentharan Perumal has been elevated to the position of Acting CFO of MTN Group.
Sugentharan will take over from former CFO, Ralph Mupita, who was recently appointed as the new President and CEO of MTN Group. He will continue as acting CFO in the meantime, pending the conclusion of the MTN Group’s recruitment process for the position.
“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.”MTN Group
With over 15 years’ experience as a chartered accountant and a former CFO at MTN Irancell, the MTN Board is confident Sugentharan is well suited to the role.
“The board is confident in the wide-ranging experience and knowledge of MTN that Sugen brings to the role,” said Ralph Mupita.
Who is Sugentharan Perumal?
Prior to his latest appointment, Sugentharan had worked as CFO of MTN Irancell from 2014 till 2018. He oversaw the strategic and operational aspects of financial planning and management at the company.
He is an Audit and Risk Committee Chairman and a board member within the MTN Group.
Before joining MTN, Sugentharan had served as Audit Director in Assurance for two years ending 2014 at SizweNtsalubaGobodo, one of South Africa’s largest indigenous audit and advisory firms. As Audit Director, Sugentharan was in charge of the strategic planning and management of the company’s audit engagements.
During his time at SizweNtsalubaGobodo, he also served as Assurance Manager for four years and later became the Senior Manager in Assurance from early 2010 till 2012.
Sugentharan has a Bachelor of Commerce degree in Financial Accounting from the University of KwaZulu-Natal, South Africa. He also obtained a Bachelor of Commerce degree in Managerial Accounting from the same institution.
He is a Chartered Accountant CA(SA) with more than 15 years experience and possesses professional qualifications in financial audits, cash flow, International Financial Reporting Standards (IFRS), tax management, among others.
As the acting CFO of MTN Group, Sugentharan will bring his wealth of financial expertise and experience in the telecommunications industry to help bolster the company’s growth, widen profit margins and raise revenue figures.