MTN has announced the retirement of six directors from the board of the company, effective September 2, 2019 after expiration of their tenure.
MTN in a statement issued on Wednesday said the Chairman, Dr. Pascal Dozie; Vice Chairman, Col. Sani Bello (Rtd); and non-executive directors – Chief Victor Odili, Mallam Ahmed Dasuki, Mr. Babatunde Folawiyo and Mr. Gbenga Oyebode would exit the company in line with the codes of Corporate Governance.
The telco identified the new board members as Chairman Designate, Dr Ernest Ndukwe; Chief Executive Officer, Mr Ferdinand Moolman; and Independent Non-Executive Directors – Mr Michael Onochie Ajukwu, Mr Muhammad K. Ahmad, and Mr Rhidwaan Gasant.
The non-executive board members, according to the company, are Mr. Andrew Alli, Dr Omobola Johnson, Mr. A.B. Mahmoud, Mr. Ralph Mupita, Mr. Paul Norman, Mrs. Ifueko Okauru, Mr. Jens Schulte-Bockum, Mr. Rob Shuter and Mr. Karl Toriola.
Acknowledging the vital contribution made by the outgoing directors in the last 18 years, MTN Nigeria Chief Executive Officer, Ferdinand Moolman said, “On behalf of MTN Nigeria, I would like to offer our heartfelt thanks to our pioneering Chairman, Pascal Dozie and the outgoing Directors.
“Our journey over the last 18 years has been incredible, and it would not have been possible without the initial entrepreneurial spirit of our founding directors, and their unfailing and dedicated support for MTN Nigeria’s vision over the years. I could not have asked for a more supportive, knowledgeable and experienced group of advisors.”
Speaking on behalf of the outgoing Directors Dozie said, “In 2001, when I made the first call on the MTN Nigeria network, I don’t think anyone envisaged the pace and scale of growth that we, and the broader telecoms sector would achieve over the next 18 years. It is a unique story that we are immensely proud of.
“Having served as chairman of MTN Nigeria for all of those 18 years, I achieved a long-held ambition earlier this year, when MTN Nigeria listed on the Nigerian Stock Exchange, providing an opportunity for a wider pool of Nigerians to become investors in the company. I cannot think of a better time to be handing over the reins of the company to a new chairman, and to a new group of distinguished Nigerian directors.
“On behalf of the out-going directors, I would like to thank the board and management of MTN Nigeria for their support over the years and to welcome the incoming directors. They have a hugely exciting future in front of them, and I believe, the opportunity to make the next 18 years even more successful than the last.”