Former MTN South Africa CEO Ahmad Farroukh has been named as new chief executive of Saudi Arabia's Etihad Etisalat (Mobily), effective as of yesterday.
Farroukh brings "a proven track record of success in the area of financial management, audit and operations," Mobily said in a statement.
Farroukh resigned from MTN SA last week, citing personal and family reasons for the departure after less than a year in the top position. This as MTN staff in the country have been striking for nearly two months for higher pay.
The Communication Workers Union (CWU) last week welcomed Farroukh's resignation, saying it found him to be "arrogant" and "disruptive" during its engagements with him.
Mobily's chairman was quoted by newspaper Asharq Al-Awsat last week as saying the company would soon be naming a new CEO.
Saudi Arabia's number two telecommunications operator removed previous CEO Khalid al-Kaf in February. He had been suspended since November when the company first revealed significant accounting issues.
Deputy CEO Serkan Okandan has been serving as temporary head since November.
When asked for comment, MTN said it is unable to issue a statement at this time.
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