Change of guards at MTN as Dozie, pioneer chairman, vice chairman, 4 directors retire after 18 years
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
...Ernest Ndukwe, pioneer NCC chief, to replace Dozie
Eighteen years after it began operation in Nigeria, MTN, Africa’s largest mobile network, has announced a change of guards at the board of the local business involving the retirement of Pascal Dozie; pioneer chairman, Sani Bello; pioneer vice chairman and four other pioneer non-executive directors.
Taking over the reigns of affairs from Dozie is Ernest Ndukwe, a former executive vice chairman at the Nigerian Communications Commission (NCC).
Uto Ukpanah, company secretary, MTN made these disclosures in a notification at the Nigerian Stock Exchange (NSE) Wednesday.
The four retiring non-executive directors are: Victor Odili, Ahmed Dasuki, Babatunde Folawiyo and Gbenga Oyebode.
Ukpanah explained that the retirement of the 6 helmsmen which takes effect from September 2, 2019 follows the expiration of their tenure and in compliance with applicable codes of corporate governance.
The telecommunication company expressed appreciation to the six helmsmen for their commitment, leadership and extensive contributions to the success of the telco since their appointment in 2001, and wished them the very best in their future endeavours.
The appointment of six new non-executive directors was also announced. They include: Michael Onochie Ajukwu-independent non-executive director; Muhammad K. Ahmad-independent non-executive director; Andrew Alli-non-executive director; Rhidwaan Gasant-independent non-executive director; Omobola Johnson-non-executive director; A.B. Mahmoud-non-executive director.
These new appointment takes effect on the 2nd of September 2019, MTN noted.
Other board members are Ralph Mupita; non-executive director, Paul Norman; non-executive director, Ifueko Okauru; non-executive director, Jens Schulte; Bockum -non-executive director; Rob Shuter-non-executive director and Karl Toriola-non-executive director.
With Ferdinand Moolman as CEO, MTN noted that it’s fully constituted board now comprises of 14 members.