Thursday, January 20, 2022
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

Crown Flour Mills – Largest Milling Operation in Africa and 10th largest in the world

Crown Flour Mill has been in the wheat milling business in Nigeria for over four decades. Incorporated...

Africa’s Top LinkedIn Influencers 2021

The Tech Times Africa Top LinkedIn Influencer Award is Africa’s largest and most prestigious accolades for the most influential personalities in the...

Nigeria lifts ban on Twitter, says the social media giant has met conditions

The Nigerian government has lifted the suspension of Twitter operations more than six months after it first declared a...

How Touch and Pay (TAP) got 1.5 million Lagosians to adopt cashless bus rides

It was a busy Thursday afternoon in one of Nigeria’s busiest cities — Lagos. Three young men...

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
DON'T FALL BEHINDBe The First To Get Notified on the latest Articles on Tech Times Africa. FREE!

Join over 940,000 subscribers worldwide. Receive our newsletter daily and straight into your inbox.