MTN South Africa CEO Zunaid Bulbulia has been replaced by Ahmad Farroukh with immediate effect. Bulbulia becomes MTN Group’s chief operating officer, a post that Farroukh had initially filled.
MTN is yet to give details as to why it replaced Bulbulia. According to the company, the decision was “in line with MTN’s plan to frequently rotate major talent within the business.”
Sifiso Dabengwa, the group president and CEO of MTN, stated: “I wish both Farroukh and Bulbulia great success in their new offices, as they proceed to contribute to the development of MTN in South Africa and throughout our footprint.”
Bulbulia was MTN’s chief financial officer and the founding member. Farroukh had , on the other hand, served as a CEO of MTN Nigeria and Ghana.
Both Bulbulia and Farroukh will keep serving on the MTN group executive committee.