Airtel Africa Appoints Segun Ogunsanya as New Managing Director and CEO of Company, Telecom News, ET Telecom
Segun Ogunsanya will join Airtel Africa’s board effective October 1, 2021, the telecommunications company headed by Sunil Mittal said in a statement.
In addition, the telecom operator has appointed CFO Jaideep Paul as executive director who will join the board effective June 1, 2021.
Airtel shares were down 0.15% to Rs 543.50 in Thursday afternoon trading on BSE.
Segun Ogunsanya joined Airtel Africa in 2012 as Managing Director and CEO of Nigeria and has been responsible for the overall management of the largest telecommunications market in Nigeria, its largest market in Africa.
He has over 25 years of business management experience in banking, consumer goods and telecommunications.
“Raghu Mandava will step down as Managing Director and CEO, Director of Airtel Africa plc and member of the Market Disclosure Committee on September 30, 2021. Arrangements have been made to ensure a smooth transition of responsibilities. Following his termination of employment with Airtel Africa, Mr. Mandava will be available to advise the President, the Board of Directors of Airtel Africa and the Managing Director and CEO for a period of 9 months ”, stated the telecommunications company in a statement.
Meanwhile, the telecommunications company has announced that it will soon appoint Segun’s successor to the post of managing director and CEO of Nigeria.
“We are delighted to appoint Segun Ogunsanya as the next CEO of the Group. He has shown significant drive and energy to turn around business in Nigeria by focusing on grid modernization, distribution and operational efficiency, ”said Sunil Bharti Mittal, President. “On behalf of the Board of Directors, I would like to thank Raghu Mandava for successfully contributing to the leadership and transformation of Airtel Africa into a leading telecommunications and mobile money company… As we wait Looking forward to Segun assuming his new role in October 2021, we do so from a position of great strength thanks to Raghu’s very effective stewardship, ”added Mittal.
“Having been at Bharti Airtel for 13 years and at Airtel Africa for 5 years as CEO, I think now is the time to take a sabbatical. The past five years have been an exhilarating journey where we have been able to turn around and transform the company into a high growth and profitable business, ”said Raghu Mandava.
“Having been part of Airtel Africa’s journey for the past nine years, I look forward to assuming the role of CEO… This is an exciting opportunity to position Airtel Africa for further success in a dynamic continent full of potential , ”Segun Ogunsanya said.