Nigeria’s biggest telecommunications company, MTN has appointed Ernest Ndukwe, the former Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC) as its new chairman. He is to replace Dr Pascal Dozie the present Chairman, who is set to retire by September 2019.
Dr Pascal Dozie has been MTN Nigeria‘s chairman for 18 years. Mr Ernest Ndukwe will take over on the 2nd of September 2019. In a letter sent to the Nigerian Stock Exchange, MTN Nigeria said: “This is to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders that following the expiration of their tenure and in compliance with applicable codes of Corporate Governance, the under listed Non-Executive Directors are retiring from the Board with effect from 2nd September 2019.”
The Non-Executive Directors retiring are Dr Pascal Dozie – Chairman, Col. Sani Bello (Rtd) – Vice Chairman, Chief Victor Odili – Non-Executive Director, Mallam Ahmed Dasuki – Non-Executive Director, Mr Babatunde Folawiyo – Non-Executive Director, Mr Gbenga Oyebode – Non-Executive Director.
MTN Nigeria’s CEO Ferdinand Moolman acknowledged the contributions of the outgoing Directors in a statement that read;
“Our journey over the last 18 years has been incredible, and it would not have been possible without the initial entrepreneurial spirit of our founding directors, and their unfailing and dedicated support for MTN Nigeria’s vision over the years. I could not have asked for a more supportive, knowledgeable and experienced group of advisors.”
Speaking on behalf of the outgoing Directors, Dr Pascal Dozie said: “In 2001 when I made the first call on the MTN Nigeria network, I don’t think anyone envisaged the pace and scale of growth that we, and the broader telecoms sector would achieve over the next 18 years. It is a unique story that we are immensely proud of.
See also: Oracle Appoints David Bunei as new Managing Director for Kenya
“Having served as Chairman of MTN Nigeria for all of those 18 years, I achieved a long-held ambition earlier this year, when MTN Nigeria listed on the Nigerian Stock Exchange, providing an opportunity for a wider pool of Nigerians to become investors in the company.
“I cannot think of a better time to be handing over the reins of the company to a new Chairman, and a new group of distinguished Nigerian Directors.
“Not only is this in line with best practice, which we are fully committed to as a member of the premium board of the Nigerian Stock Exchange, it is also absolutely aligned to the company’s future.
“On behalf of the out-going Directors, I would like to thank the Board and Management of MTN Nigeria for their support over the years and to welcome the incoming directors.
“They have a hugely exciting future in front of them, and I believe, the opportunity to make the next 18 years even more successful than the last.”
The Company said they are pleased to announce the appointment of Mr Ernest Ndukwe as the Chairman Designate of MTN. The addition of the following directors with effect from 2nd September 2019:
S/N NAME DESIGNATION
- Dr. Ernest Ndukwe – Chairman Designate
- Mr. Ferdinand Moolman – Chief Executive Officer
- Mr. Michael Onochie Ajukwu – Independent Non-Executive Director
- Mr. Muhammad K. Ahmad, OON – Independent Non-Executive Director
- Mr. Andrew Alli – Non-Executive Director
6. Mr. Rhidwaan Gasant – Independent Non-Executive Director
- Mrs. Omobola Johnson – Non-Executive Director
- Mr. A.B. Mahmoud, OON – Non-Executive Director
- Mr. Ralph Mupita – Non-Executive Director
- Mr. Paul Norman – Non-Executive Director
- Mrs. Ifueko Okauru, MFR – Non-Executive Director
- Mr. Jens Schulte-Bockum – Non-Executive Director
- Mr. Rob Shuter – Non-Executive Director
- Mr. Karl Toriola – Non-Executive Director
More on TechGist Africa:
- India’s PayMate secures $25 Million to Expand across India and Africa
- P2P EdTech Platform Brainly secures $30 Million in Naspers led Round
- WorldRemit, MFS Africa to launch P2P Mobile Money Services in Africa
- China’s Didi Chuxing, UAEs Symphony Investment partners to Launch a JV in MENA
- WiSolar to Launch decentralized Solar Electricity Solution in Africa