Karl Toriola, who once served as chief technical officer (CTO) of the Nigerian subsidiary of Africa’s telecom giant, MTN Group, has been appointed chief executive officer (CEO) designate of MTN Nigeria Communications Limited to replace Ferdinand Moolman who has served in the position since 2016.
Toriola will be returning to Nigeria from the group where he currently serves as the vice president for West and Central Africa (excluding Nigeria and Ghana).
According to a statement announcing the imminent baton change released by the South African mobile telecommunications company, the appointment will take effect from March 1, 2020 to ensure a timely preparedness for an orderly handover.
The statement also disclosed that Moolman has been offered a new role as group chief risk officer in South Africa. Moolman joined MTN in 2002 and has held a number of leading positions one of which is the group chief financial officer in Iraq.
Prior to joining MTN, Toriola was the chief operations/regional officer for Vmobile Nigeria, currently known as Airtel Nigeria, where he was responsible for operations services.
He joined MTN Group in 2016. Since joining the group, Toriola has also held a number of key operational positions and oversight responsibility of 16 of the group subsidiaries including the positions of chief technical officer of MTN Nigeria, CEO of MTN Cameroon and MTN group operations executive.