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Glo Appoints Former MTN CEO As New The New Chief Executive Officer
Glo New CEO: Globacom, one of Nigeria’s popular telecommunications providers, has appointed telecom veteran Ahmad Farroukh as its new chief executive officer.
According to the telecom provider, the leadership change aims to strengthen the company’s corporate governance and operational performance, aligning with the Nigerian Communications Commission’s (NCC) recent drive for improved governance standards within the telecom industry.
The former MTN Nigeria boss appointment is part of the telco’s effort to align with the Nigerian Communications Commission (NCC)‘s move to strengthen corporate governance in the telecoms industry.
Glo New CEO
The new development comes at a time when the National Identification Number (NIN)-SIM verification exercise has led Nigerian mobile network operators to lose 64.3 million subscriptions.
The directive resulted in significant subscription losses across major telecoms — MTN, Airtel, Globacom, and 9Mobile — with Globacom and 9mobile significantly impacted. Globacom’s active subscriptions fell from 62.1 million in March to just 19.1 million by the end of September 2024, losing over 43 million users.
Glo New CEO is expected to lead an overhaul of the telco, which is also constituting a board. He began his career in 1995 as CEO of Investcom Group in Lebanon, later acquired by MTN Group. His extensive experience in African telecommunications positions him as a strong candidate to guide the company through an anticipated restructuring.
He has held several executive roles, including managing director at MTN Ghana, regional director for West Africa under Investcom, and CEO of MTN Nigeria between 2006 and 2010.
Also Read: How to Keep your MTN, Glo, Airtel or 9Mobile Number When you Travel Abroad 2025
New CEO Track Record
After serving as CEO of MTN South Africa in 2014, he led Mobily in Saudi Arabia – Saudi’s second-largest telecom provider – until 2017. Most recently, he served as Group CEO of Smile Communications Nigeria Limited (2019).
Farroukh’s academic background includes a master’s degree in Business Administration and Accounting from the Lebanese American University, and he is a Certified Public Accountant (CPA) from New York.
He led Mobily in Saudi Arabia, Saudi Arabia’s second- largest telecom provider, until 2017. Most recently, he served as Group CEO of Smile Communications Nigeria Limited (2019).
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 percent within six months, down from 62.19 million in March to 19.15 million in September.
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