MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders of the appointment of Mr. Karl Toriola as the CEO designate. His appointment is effective 1st March 2021, providing enough time for an orderly handover.

Mr. Toriola is currently the Vice President: West and Central Africa (WECA), excluding Nigeria and Ghana, a position he assumed in 2016. During that period, he has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon.

Karl Toriola increased his stake in the telecoms provider via the purchase 920,000 ordinary shares, as disclosed on the Nigeria Stock Exchange platform.

A break down of the aggregate information showed Toriola acquired 920,000 ordinary shares at N118 per share on June 25, 2020, in Lagos, Nigeria.

Accordingly, the total purchase stood at 920,000 shares valued at N108,560,000.

Brief Profile

During his tenure, the WECA markets have made significant commercial and strategic strides. These include the improvement of market shares within the region and the development of mobile financial services.

Since joining the Group in 2006, Mr. Toriola has also held a number of senior operational roles including Chief Technical Officer of MTN Nigeria, CEO of MTN Cameroon and MTN Group Operations Executive. Mr. Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the Group subsidiaries and serves on various MTN boards, including MTN Nigeria.

Mr. Toriola obtained a Bachelor of Science in Electronic and Electrical Engineering from the University of Ife, a Master of Science degree in Communication Systems from the University of Wales, and attended the General Management Program at Harvard Business School. In addition, he has attended several executive development courses at various institutions including Wharton Business School, Institute of Management Development and London Business School.

SOURCE: https://brandspurng.com/2020/10/26/mtn-nigeria-appoints-karl-toriola-as-ceo/

Okay

Congrats

very young Omoluabi

congratulations Mr Toriola

.....

Story story

Okay

WE DON HEAR OOO, AS THE NEWS NO WAN GAIN ATTENTION, MOB PUSH AHM UP AGAIN FOR FRONT PAGE...FEAR DON DEY CATCH SOUTH ARICA SHAREHOLDERS ALREADY...ILORIN SHOPRITE LOOT EHN

Congratulations to him


The man is handsome though.

Is he a Nigerian?

Congratulations man.

This is good news. Congrats young champ!

Sparogatively, the Yoruba meaning of Toriola is... "because of tomorrow". Some would translate it to mean because of wealth, but I would stick to the former!

The breakdown of how much shares he purchased, was it necessary? Well, no one knows tomorrow!

Sparogatively, I think MTN stuck with the interpretation I chose, "Because of Tommorw", bearing rioters and 'ALOOTERS' in mind.

"Na una people get MTN NG o!"
Message passed loud and clear!

Let me not forget to say...

Congratulobia! Mr Toriola, go and excel

Many congratulations.

Good news on a Monday morning.

Away from all the turbulence in the land.

May you succeed greatly on the job in Jesus name. Amen.

Ripping people off

I hope they have increased salaries of their staff? Because they really cashed out this year

This man came for an entrepreneurship programme in IFE last year. Quite charismatic and obviously has tenets of leadership.

A Great-Ife Alumnus. well-done!

He was the former Chief Technical Officer (CTO) of MTN Nigeria that succeeded Funke Opeke (MainOne) and handed over same role to Linda Nwafor (Saint Obi's wife), to go become CEO of MTN Cameroon.

I reckon he has by this appointment become the first Nigerian CEO of MTN Nigeria.

Modified: he's not the first Nigerian CEO of MTN Nigeria. That honour belongs to Mike Ikpoki.


He is also a non-Executive Director of UAC Nigeria.

Congratulations. Wishing him the best of the luck. But non of them i trusted majority of them are theifs, no one can tell what this one resamble by now may be it is when he really sworn in...

Wow..first time seeing a young nigerian heading a big entity...our generation have hope..

Well deserved. I've followed Karl's career at MTN since he was appointed Chief Technical Officer and I've admired his stride since then.

Brilliant and great guy all round.

Congratulations!

He's got a nice profile. Congrats to him.

Congratulations to him

Excellent profile he's got there.