The management of MTN Nigeria has appointed Karl Toriola as the new Chief Executive Officer for the company. According the notification made available on the website of the Nigerian Stock Exchange, the appointment takes effect from March 1, 2021.

Mr Toriola is the current vice president for MTN Group’s West and Central Africa (WECA) region. He will take over from Ferdi Moolman, who has served as CEO of MTN Nigeria for the past five years.

Mr Toriola, in his five years as VP of MTN’s WECA region, 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 telecom giant said he has held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon.

Karl Toriola started his MTN career in his home country at MTN Nigeria 14 years’ ago and has all the attributes necessary to lead this very important business into the future. He has a BSc Hons in electronic and electrical engineering and a MSc in communication systems.