MTN SA CEO steps down

MTN Group has announced the resignation of Ahmad Farroukh, CEO of MTN South Africa, which is effective 31 July 2015.

This means that Farroukh would have held his position for exactly one year, having replaced Zunaid Bulbulia at the end of July 2014.

“This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons,” said MTN Group President and CEO, Sifiso Dabengwa.

MTN’s local operations have come under intense pressure in recent months amid violent strike action which has disrupted services, which the group admitted has been costly.

Farroukh joined MTN in 2006, with the acquisition of Investcom. He has fulfilled several roles during his tenure with the Group.

Farroukh is a former CEO of MTN Nigeria, and served in a similar role at MTN Ghana. Before assuming the role of Group Chief Operating Executive, he was vice-president of the West and Central Africa (WECA) region.

A successor to Farroukh will be announced as soon as the new appointment is finalised.

“On behalf of the MTN leadership, we thank Ahmad for his contribution and wish him success with his future endeavours,” Dabengwa said.

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MTN SA CEO steps down