Ahmad Farroukh is leaving as CEO of MTN South Africa to take up the top job at Saudi Arabia’s second largest telecommunications operator, Etihad Etisalat, which trades as Mobily.
Farroukh, who has been CEO of MTN for the past 11 months, leaves the South African-headquartered mobile operator at the end of July. MTN said he was leaving due to personal and family reasons.
Reuters quoted Mobily as saying in a statement that Farroukh brings a “proven track record of success in the area of financial management, audit and operations”.
According to the news wire, Mobily removed previous CEO Khalid al-Kaf in February. He had reportedly been suspended since November when the company first revealed significant accounting issues.
Deputy CEO Serkan Okandan has been serving as temporary head since November, Reuters said. — (c) 2015 NewsCentral Media