Former minister, Ernest Ndukwe, replaces Pascal Dozie as MTN Chairman.
Billionaire businessman, Pascal Dozie, the Chairman of the board of MTN Nigeria has stepped down.
The new development was announced in a notification letter sent to the Nigerian Stock Exchange by the company secretary, Uto Ukpanah, on Wednesday.
Other prominent Nigerians who have also stepped aside from the board include former Rivers State Governor, Victor Odili, Babatunde Folawiyo, Col. Sani Bello, the father to the current Niger State Governor, Abubakar Sani Bello, and Malam Ahmed Dansuki.
Taking over from the boardroom guru as the Chairman of MTN, according to the company secretary, is a former Communication Minister, Ernest Ndukwe, whose appointment takes effect from September 2, 2019.
Speaking on behalf of the outgoing Directors, Dr Pascal Dozie, said:
“In 2001, when I made the first call on the MTN Nigeria network, I don’t think anyone envisaged the pace and scale of growth that we and the broader telecoms sector would achieve over the next 18 years. It is a unique story that we are immensely proud of.
“Having served as Chairman of MTN Nigeria for all of those 18 years, I achieved a long -held ambition earlier this year, when MTN Nigeria listed on the Nigerian Stock Exchange, providing an opportunity for a wider pool of Nigerians to become investors in the company.
“I cannot think of a better time to be handing over the reins of the company to a new Chairman, and to a new group of distinguished Nigerian Directors.
“Not only is this in line with best practice, which we are fully committed to as a member of the premium board of the Nigerian Stock Exchange, it is also absolutely aligned to the company’s future.”