MTN Group has announced the appointment of Karl Toriola as the CEO of MTN Nigeria, effective from 1 March 2021. Toriola, current vice president for MTN Group’s West and Central Africa (WECA) region, will take over as MTN Nigeria CEO from Ferdi Moolman, who has served in this role for the past five years. Moolman will return to South Africa, where he will assume the new role of group chief risk officer.
Toriola has a BSc Hons in Electronic and Electrical Engineering and a MSc in Communication Systems. In his five years as VP of MTN’s WECA region, Toriola has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years, the operator said.
Since joining the group in 2006, Toriola has also held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon.
MTN Group owns 78.8% of MTN Nigeria. We wish him a good tenure.