Multinational mobile telecommunications company, MTN Nigeria Communications Limited, on Monday announced the appointment of Karl Toriola as its Chief Executive Officer designate.
Toriola’s appointment was announced in a statement signed by Uto Ukpanah, MTN Nigeria Plc Secretary.
According to the statement, will take effect on 1st March 2021.
Toriola is currently the telecommunication company’s vice president for West and Central Africa, excluding Nigeria and Ghana, a position he has held since 2016.
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The telecommunication giant’s note to the Nigerian Stock Exchange read:
Since joining the group in 2016, Mr Toriola has also held a number of senior operational roles including Chief technical officer of MTN Nigeria, CEO of MTN Cameroon and MTN group operations executive.
Mr Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the group subsidiaries and serves on various MTN boards, including MTN Nigeria.
Meanwhile, Ralph Mupita, the company’s Group president and CEO, said:
Toriola brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role.
Reports say that Ferdinand Moolman, the current CEO of MTN Nigeria, will vacate the position effective from 1st March, 2021, and take a new role as MTN Group Chief Risk Officer.
The new CEO has a BSc Hons in electronic and electrical engineering and a MSc in communication systems.
