#Tech People

Karl Toriola to Become CEO of MTN Nigeria by March 2021

Karl Olutokun Toriola, the Vice President for West and Central Africa (WECA), MTN will resume as the CEO of MTN Nigeria by 1st March 2021. He will take over from Ferdi Moolman, who has served as CEO for five years. While Karl becomes the CEO, Moolman will become the Group Chief Risk Officer for MTN.

Toriola is a graduate of Electronic and Electrical Engineering from the Obafemi Awolowo University, Nigeria. He holds a Swansea University’s Master’s degree in Communication Systems and has gone through several other institutions of higher learning. These include the London, Harvard, IMD, and Wharton Business Schools.

Toriola started his journey as the CTO of MTN Nigeria between 2006 and 2011. In between his tenor, he worked as the Non-Executive Director of MTN Benin. After a while, he moved over to MTN Cameroon and held the same office. By May 2011, he became the interim CEO for MTN Congo Brazzaville for three months before joining the board of the American Towers for Uganda and Ghana from 2013 to 2015.

Toriola also served as MTN Group Operations Executive where he managed 13 subsidiaries across Europe, Middle East, and Africa before his current appointment. In addition to his role as the VP, Toriola was a Non-Executive Director for Jumia Group.


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