MTN Group has announced a restructuring of its executive leadership team, aimed at strengthening the execution of its Ambition2025 strategy and positioning the company for long-term growth across its key markets.
Central to this development is the expanded role of Dr. Karl Toriola, CEO of MTN Nigeria, who will also serve as Vice President for Francophone Africa, effective November 1, 2025.
In a notice to the Nigerian Exchange Limited (NGX) recently, Uto Ukpanah, the telco’s company secretary, said Toriola will now also serve as vice-president (VP) for Francophone Africa at MTN Group Limited, overseeing operations in Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville.
This dual responsibility places Karl at the forefront of MTN’s strategic push to deepen market share and accelerate digital inclusion in Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville, while continuing to lead Nigeria’s largest telecommunications operator.
Toriola previously served as the group’s West and Central Africa (WECA) region before his appointment as CEO of MTN Nigeria in 2021.
The company also announced that Ferdinand Moolman, a non-executive director, will exit its board effective October 31. He was appointed CEO of MTN South Africa, effective November 1.
Moolman has held several senior leadership roles within the telecoms firm, including serving as a former CEO of MTN Nigeria.
“The board wishes to express its appreciation to Mr. Moolman for his immense service to MTN Nigeria and success in his new role,” the company added.
MTN Nigeria said its board remains committed to sustaining the company’s growth trajectory and delivering long-term value to shareholders and other stakeholders.