MTN strengthens leadership structure

Johannesburg – MTN [JSE:MTN] has announced the appointment of Zunaid Bulbulia as group chief operating executive, with the incumbent, Ahmad Farroukh replacing Bulbulia as CEO of MTN South Africa. Both appointments are effective immediately.

Group president and CEO Sifiso Dabengwa said: "In order to respond adequately to challenges and opportunities in our markets, we continue to take appropriate steps to enhance our competitive position and to ensure the long-term sustainability of our business.

"The latest changes are in line with MTN’s strategy to regularly rotate key talent within the business."

Bulbulia is a founding member of MTN and was the chief financial officer of MTN SA, prior to being appointed CEO of MTN SA.

Farroukh is a former CEO of MTN Nigeria and served in a similar role at MTN Ghana. Before assuming the role of group CEO, he was vice president of the West and Central Africa region.

They will both continue to serve on the Group Exco.