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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTN   ZAE000042164

MTN GROUP LIMITED

(MTN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/15
64.57 ZAR   -0.66%
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MTN : Nigeria Appoints New CEO

10/27/2020 | 03:06am EST

The telecom giant said he has held a number of senior operational roles at MTN

The management of MTN Nigeria has appointed a new Chief Executive Officer (CEO) for the company.

The new CEO is Karl Toriola.

A disclosure notice by the company on Monday said the appointment takes effect from March 1, 2021.

Mr Toriola is the current vice president for MTN Group's West and Central Africa (WECA) region. He will take over from Ferdi Moolman, who has served as CEO of MTN Nigeria for the past five years.

Mr Moolman will now resume a new role as MTN Group chief risk officer.

According to the disclosure, Mr Toriola, in his five years as VP of MTN's WECA region, has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years.

The telecom giant said he has held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon.

Mr Toriola started his MTN career in his home country at MTN Nigeria 14 years' ago and has all the attributes necessary to lead this very important business into the future, the disclosure said.

The new CEO has a BSc Hons in electronic and electrical engineering and a MSc in communication systems.

In his reaction, Ralph Mupita, MTN Group president and CEO, said: "Toriola brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role."

Copyright Premium Times. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2020 174 B 11 403 M 11 403 M
Net income 2020 15 365 M 1 010 M 1 010 M
Net Debt 2020 109 B 7 161 M 7 161 M
P/E ratio 2020 8,14x
Yield 2020 5,19%
Capitalization 116 B 7 648 M 7 631 M
EV / Sales 2020 1,30x
EV / Sales 2021 1,24x
Nbr of Employees -
Free-Float 65,1%
Chart MTN GROUP LIMITED
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Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 83,18 ZAR
Last Close Price 64,57 ZAR
Spread / Highest target 47,1%
Spread / Average Target 28,8%
Spread / Lowest Target -8,63%
EPS Revisions
Managers and Directors
NameTitle
Ralph Tendai Mupita Group President, CEO & Executive Director
Mcebisi Hubert Jonas Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Sugentharan Perumal Chief Financial Officer
Charles Molapisi Chief Information & Technology Officer
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