Globacom, one of Nigeria’s top telecommunications providers, has appointed Ahmad Farroukh, a seasoned telecom executive, as its new Chief Executive Officer.
The company stated that this leadership shift is intended to enhance corporate governance and operational efficiency, in line with the Nigerian Communications Commission’s (NCC) recent push for higher governance standards within the telecom sector.
Farroukh’s deep-rooted experience in African telecommunications makes him well-suited to lead Globacom through its planned restructuring.
With over 20 years in the industry, he launched his career in 1995 as CEO of Investcom Group, a Lebanon-based telecom firm later acquired by MTN Group.
Throughout his career, he has held several executive roles, including Managing Director at MTN Ghana, Regional Director for West Africa at Investcom, and CEO of MTN Nigeria from 2006 to 2010.
Read Also: Playstation 5 Pro Goes On Sale
He later served as CEO of MTN South Africa in 2014 and went on to lead Mobily in Saudi Arabia, the nation’s second-largest telecom provider, until 2017. Most recently, he was Group CEO at Smile Communications Nigeria Limited in 2019.
Farroukh holds a master’s degree in Business Administration and Accounting from the Lebanese American University and is a Certified Public Accountant (CPA) from New York.
Globacom in a statement said the decision to appoint Farroukh “comes at a critical time as the company faces challenges with its subscriber base.”
“A recent regulatory audit by the NCC uncovered subscriber count discrepancies, which led to a sharp reduction in Globacom’s subscriber count by 69.2 per cent within six months, down from 62.19 million in March to 19.15 million in September.
“This change underscores the need for strategic reforms to restore confidence and drive growth in a competitive telecom landscape.”
Farroukh’s role will extend beyond revitalizing subscriber growth for Globacom; he will also steer the company through essential structural adjustments.
Establishing a board demonstrates the company’s stronger commitment to implementing robust governance practices, a priority highlighted by the NCC.
https://whatsapp.com/channel/0029VaihFajBadmT29ufud2Z
