MTN Group today has announced the appointment of Karl Toriola as the new Chief Executive Officer (CEO) for MTN Nigeria, and Ferdi Moolman as the new MTN Group Chief Risk Officer, which will both be effective from the 1st of March 2021.
Karl Toriola, who is the current Vice President (VP) for MTN Group’s West and Central Africa (WECA) region, will take over as MTN Nigeria CEO from Ferdi Moolman, who will return to South Africa, where he will assume the new role of group chief risk officer.
Karl who has served MTN Nigeria with distinction in this role as VP of MTN’s WECA region for five years, has overseen the steady progress of the operating companies in the region, which have allowed the WECA markets to make significant commercial and strategic strides, including the improvement of market share and the development of mobile financial services.
Ferdi who has held several senior positions within the group in Nigeria and in Iran, and has spent the past five years as the CEO of MTN Nigeria has made significant progress in stabilising the business and setting it on a sustainable growth path.
The MTN Group President and CEO, Ralph Mupita has commended Karl saying, “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.”
Mupita also commended Ferdi saying, “Ferdi has been an exemplary leader of MTN Nigeria and has put the business on a sound growth platform for the future.”
“He brings significant strategic, financial and operational experience to the new group risk role, where we want to ensure that our enterprise-wide risk management systems are continuously strengthened and remain resilient as we drive our growth strategy.” Mupita said.
MTN Group owns 78.8% of MTN Nigeria, which is listed on the Nigerian Stock Exchange and contributes around a third to the group’s service revenue
