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MTN confirms CEO resignation

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 06 Jul 2015
A successor to the MTN CEO will be announced as soon as the new appointment is finalised, says the company.
A successor to the MTN CEO will be announced as soon as the new appointment is finalised, says the company.

MTN Group today confirmed the resignation of Ahmad Farroukh, CEO of MTN South Africa, which is effective end of this month.

"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 CEO, he was VP 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.

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