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MTN SA CEO resigns


Johannesburg, 07 Jul 2015

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.

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MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 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 of 30 April 2015, MTN recorded 229,2 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, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit it at: www.mtnbusiness.com and www.mtn.com

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