The MTN Group has announced the resignation of its MTN South Africa CEO, Ahmad Farroukh due to personal reasons.

Bloomberg reports that the resignation will take effect on July 31, 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. “On behalf of the MTN leadership, we thank Ahmad for his contribution and wish him success with his future endeavours.”

Mr. Farroukh joined MTN in 2006 and has been the Chief Executive Officer of South African Operations since August 2014. Prior to his appointment he was was Chief Operating Executive of MTN Group.

MTN’s operations in South Africa has suffered a few hitches due to protests by the company’s workers’ union over unpaid salaries and bonuses. The company’s profit has also dipped in recent times due to stiff competition and price cuts by regulators.

Source: Bloomberg
Image Credit: businesstech

Read this next
More From TC

Godwin Emefiele, the Central Bank of Nigeria’s governor, is convinced that cryptocurrency threatens Nigeria’s financial system and must remain under quarantine indefinitely. At a Senate hearing held on Tuesday, Emefiele described cryptocurrency as “money that is created out of thin air” and used by “players in an electronic dark world where transactions are extremely opaque.” […]

Ghana has become the first African country to receive the Oxford-AstraZeneca COVID-19 vaccine. The country received 600,000 doses from COVAX (COVID-19 Vaccines Global Access). In response to the news, which was shared on the WHO’s Twitter account, Tedros Ghebreyesus, the body’s director-general, described the development as only the beginning. This is a major milestone in […]

TechCabal is a Big Cabal Media brand

Copyright © 2013 - 2021
All rights reserved

Privacy & Terms