Thursday, December 3, 2020
Home Industry MTN Nigeria Appoints New CEO

MTN Nigeria Appoints New CEO

MTN Group has appointed Karl Toriola, current VP for MTN Group’s West and Central Africa (WECA) region, as the new CEO of MTN Nigeria – effective 1 March 2021.

Toriola will take over as MTN Nigeria CEO from Ferdi Moolman, who has served MTN Nigeria with distinction in this role for the past five years. Moolman will return to South Africa, where he will assume the new role of Group Chief Risk Officer.

Toriola has a BSc Hons in Electronic and Electrical Engineering and an MSc in Communication Systems. In his five years as VP of MTN’s WECA region, he has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years.

In addition, the WECA markets have made significant commercial and strategic strides, including the improvement of market share and the development of mobile financial services. The latter in particular is an important driver of the group’s medium- to long-term growth strategy.

Since joining the group in 2006, Toriola has also held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon. He is also a board member on a number of companies within the group, including MTN Nigeria.

His successor for VP of WECA will be announced after the group strategy review is completed by the end of November 2020.

“Karl brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role,” says MTN Group President and CEO, Ralph Mupita.

“Karl started his MTN career in his home country at MTN Nigeria 14 years’ ago and has all the attributes necessary to lead this very important business into the future.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Union Systems Wins Trade Finance Software Solution Provider of the Year Award

In recognition of its innovation and Excellence in financial technology, Union Systems Limited received the Trade Finance Software Solution Provider of the Year Award...

Securing Your Children or Ward’s Future Through Stanbic IBTC Education Trust

Quality education is one of the pillars required to build a secure future for our children and wards. Despite it being the...

Airopay- launches into the Nigeria Market

Despite the myriad of digital payment Apps in Africa, cashless payments are still not 100% efficient as customers...

Lagos executive discusses unified fibre project and the future of technology in Africa’s largest city

In July 2020, residents of Lagos Nigeria could hardly miss digging activities and several multi-coloured pipes in most parts of the city....

Recent Comments

Obunseh patrick chukwuma. on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020