MTN Group has appointed Karl Toriola, present VP for MTN Group’s West and Central Africa (WECA) area, as the brand new CEO of MTN Nigeria – efficient 1 March 2021.
Toriola will take over as MTN Nigeria CEO from Ferdi Moolman, who has served MTN Nigeria with distinction on this function for the previous 5 years. Moolman will return to South Africa, the place he’ll assume the brand new function of Group Chief Danger Officer.
Toriola has a BSc Hons in Digital and Electrical Engineering and an MSc in Communication Techniques. In his 5 years as VP of MTN’s WECA area, he has overseen the regular progress of the working corporations within the area, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the previous two years.
As well as, the WECA markets have made important business and strategic strides, together with the development of market share and the event of cell monetary companies. The latter particularly is a vital driver of the group’s medium- to long-term progress technique.
Since becoming a member of the group in 2006, Toriola has additionally held numerous senior operational roles at MTN, together with chief technical officer of MTN Nigeria and CEO of MTN Cameroon. He’s additionally a board member on numerous corporations inside the group, together with MTN Nigeria.
His successor for VP of WECA shall be introduced after the group technique evaluate is accomplished by the tip of November 2020.
“Karl brings intensive technical and business expertise, in addition to a deep understanding of the Nigeria market to the function,” says MTN Group President and CEO, Ralph Mupita.
“Karl began his MTN profession in his residence nation at MTN Nigeria 14 years’ in the past and has all of the attributes mandatory to guide this crucial enterprise into the longer term.”
