Afrigather Globacom will appoint Ahmad Farroukh, a former CEO of MTN Nigeria, as its new chief govt, three folks with direct information of the matter advised TechCabal. It’s a serious management shift for Nigeria’s third-largest cell community operator and can mark the primary time it’s going to come below new management. Mike Adenuga has led Globacom since its launch on August 29, 2003.
Whereas Globacom has not but made an official announcement, it has notified the Nigerian Communications Fee (NCC), two folks acquainted with the matter stated. The corporate has additionally appointed a brand new board and has gotten approval from the regulator.
Globacom didn’t instantly reply to a number of requests for feedback.
Farroukh’s intensive telecom profession started in 1995 as CEO of Investcom Group in Lebanon, later acquired by MTN Group. By 1999, he was managing director of MTN Ghana and regional director for West Africa below Investcom, an MTN subsidiary. He then served as CEO of MTN Nigeria from 2006 to 2010 and was appointed CEO of MTN South Africa in 2014. In 2015, he turned CEO of Mobily, Saudi Arabia’s second-largest telecom operator, the place he served till 2017. He then joined Smile Communications Nigeria Restricted as Group CEO till his Globacom appointment.
Farroukh holds a Grasp’s in Enterprise Administration and Accounting from the Lebanese American College and is a Licensed Public Accountant (CPA) from New York, USA.
As CEO of Globacom, Farroukh faces a major problem after the community misplaced 41 million subscribers as a result of an industry-wide audit by the NCC. This discount has left Globacom with 19.1 million subscribers, giving it solely a 12.39% share of Nigeria’s telecom market. Farroukh’s announcement is predicted in a matter of days.
