The shares of MTN Nigeria Communications Plc dropped by 1.57 per cent to close at N125 on Thursday following the announcement of the board restructuring of the company. MTN had announced the retirement of its Chairman, Pascal Dozie, and five other directors from the board of the company, effective September 2, 2019.
The company also named a former Chief Executive Officer, Nigerian Communications Commission, Ernest Ndukwe, as its chairman-designate, saying the restructuring was in line with the code of corporate governance. The company’s incoming CEO, Mr Ferdinand Moolman; and Independent Non-Executive Directors – Mr Michael Ajukwu, Mr Muhammad Ahmad, and Mr Rhidwaan Gasant – were also announced.
(Punch)
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