MTN SA CEO resigns
MTN Group today announced the resignation of Ahmad Farroukh, CEO of MTN South Africa, which is effective 31 July 2015.
"This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons," says MTN Group President and CEO, Sifiso Dabengwa.
Farroukh joined MTN in 2006, with the acquisition of Investcom. He has fulfilled several roles during his tenure with the Group. Farroukh 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 region.
A successor to Farroukh will be announced as soon as the new appointment is finalised.
"On behalf of the MTN leadership, we thank Ahmad for his contribution and wish him success with his future endeavours," concludes Dabengwa.
Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN".
As at the end of 30 June 2010, MTN recorded 129.2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa and has exclusive mobile content rights for Africa and the Middle East. Visit http://www.mtn.com and http://www.mtnfootball.com.