Ferdi Moolman will step down from his role as MTN Nigeria CEO with effect from 1 March 2021 and will return to the head office in South Africa to assume the Group Chief Risk Officer (GCRO) role on the same date. The role will include responsibilities as a prescribed officer in terms of the South African Companies Act, 2008 (Act No. 71 of 2008). Ferdi joined MTN in 2002 and has held several senior positions within the Group in Nigeria and in Iran. He has spent the past five years as the CEO of MTN Nigeria and during that time, significant progress has been made in stabilizing the business and setting it on a sustainable growth path.