New Board and Top Management Appointments Announced at Etisalat Nigeria

Normalcy appears to be gradually returning to Etisalat Nigeria, weeks after a consortium of creditor banks, led by Access Bank Plc, threatened to take over the affairs of the telco, with the appointment of a new board and management to take the company out of the woods. 

GutsyPen4ICTD learns that the telco and its creditor banks may have resolved their differences following interventions facilitated by both the regulators of the telecommunications and banking sectors, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), respectively.

With this development, stakeholders of the telco can now rest assured the new board and management would do the urgent needful and return the telco to a growth path.  Members of the new board include Dr. Joseph Nnanna - Chairman,  Oluseyi Bickersteth, Ken Igbokwe, Boye Olusanya and Funke Ighodaro.

A former Acting Chief Executive Officer of Celtel now Airtel Nigeria, Boye Olusanya, has been confirmed as the Chief Executive Officer. He will replace Matthew Willsher, who was CEO until the time minority shareholders Mubadala pulled out of the firm. Funke Ighodaro  is replacing Olawole Obasunloye as Chief Finance Officer.

The decisions reached so far validates the confidence of the stakeholders on the viability of the telco which says it is committed to continuously serving its subscribers, through the provision of innovative products and services with its committed staff, partners and vendors to empower the needs of its customers and improve their experience on the network.

In October, 2016, Etisalat Nigeria  announced the official launch of its mobile 4G Long Term Evolution (4G LTE) service in Nigeria, an offering, which, demonstrates Etisalat Nigeria’s unwavering commitment to deliver superior customer experience to its subscribers.