Ahmad Farroukh, the former CEO of MTN Nigeria has been named the new CEO of MTN South Africa following new changes at the biggest mobile phone company on the continent.
MTN Group announced the appointment of Zunaid Bulbulia as Group Chief Operating Executive, with the incumbent, Farroukh replacing Bulbulia as CEO of MTN South Africa. Both appointments are effective immediately, the phone company said in a statement.
“In order to respond adequately to challenges and opportunities in our markets, we continue to take appropriate steps to enhance our competitive position, and to ensure the long-term sustainability of our business. To this end, the latest changes are in line with MTN’s strategy to regularly rotate key talent within the business. I wish both of Zunaid and Ahmad success in their new roles, as they continue to contribute to the growth of MTN in South Africa and across our footprint,” says Group President and CEO Sifiso Dabengwa.
Zunaid is a founding member of MTN and was the Chief Financial Officer of MTN SA, prior to being appointed CEO of MTN SA. Ahmad is a former CEO of MTN Nigeria, and served in a similar role at MTN Ghana. Before assuming the role of Group Chief Operating Executive, he was Vice-President of the West and Central Africa (WECA) region. Both Zunaid and Ahmad will continue to serve on the Group EXCO.