MTN Group has announced the appointment of Karl Toriola as the new Chief Executive Officer for MTN Nigeria. This follows the advancement of former CEO, Ferdi Moolman, who now assumes the newly-established office of Chief Risk Officer of the group.
According to the group’s CEO and President, Ralph Mupita, Ferdi Moolman “has been an exemplary leader of MTN Nigeria and has put the business on a sound growth platform for the future.”
Moolman was made the CEO in Nigeria after the Nigerian Communications Commission (NCC) fined the telco $5.2 billion fine for failing to meet the deadline to disconnect unregistered users from the MTN network. In the time since his appointment, he has used his strategic, financial and operational experience to drive the company’s growth.
Karl Toriola, the newly-appointed CEO, joined MTN Nigeria in 2006 as Chief Technical Officer. He became a non-executive director for MTN Benin in 2010. He functioned in the same role in MTN Cameroon from December 2010 and moved on from both positions in July 2011.
Toriola held his first executive position in MTN in 2011 as the interim CEO for MTN Congo Brazzaville. His next executive position came in November 2011 as the CEO of the group’s Cameroon branch.
In 2015, MTN appointed Toriola as its Vice-President for West and Central Africa and he still functions in that role.
Besides working with MTN, Toriola has worked with other companies including Ericsson and Econet (which underwent so much transformation to finally become Airtel). He worked with Econet as deputy CTO and became Chief Operations Officer when the telco morphed into Vmobile and later into Zain.
He was appointed by MTN Group as a non-executive director in Jumia Group. Karl Toriola and Ferdi Moolman will assume their new positions from March 1, 2021.
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