Telecommunications giant, MTN has relieved its board chairman, Pascal Dozie and five other non-executive directors of their duties from the company.
Also retired are Col. Sani Bello (rtd) vice-chairman; Chief Victor Odili, non-executive director; Mallam Ahmed Dasuki-non-executive director; Mr. Babatunde Folawiyo-non-executive director; and Mr. Gbenga Oyebode, non-executive director.
MTN announced this in a memo sent to the Nigerian Stock Exchange (NSE) on Wednesday.
According to the memo, the retirement follows the expiration of their tenure and in compliance with applicable codes of Corporate Governance.
Meanwhile, MTN has announced the appointment of former Executive Vice Chairman, Nigerian Communications Commission (NCC), Mr. Ernest Ndukwe as chairman designate.
Other board members include the Chief Executive Officer, Mr. Ferdinand Moolman; Mr. Michael Onochie Ajukwu-independent non-executive director; Mr. Muhammad K. Ahmad-independent non-executive director; Mr. Andrew Alli-non-executive director; Mr. Rhidwaan Gasant-independent non-executive director; Mrs. Omobola Johnson-non-executive director; and Mr. A.B. Mahmoud-non-executive director.
Others are Mr. Ralph Mupita-non-executive director; Mr. Paul Norman-non-executive director; Mrs. Ifueko Okauru-non-executive director; Mr. Jens Schulte-Bockum-non-executive director; Group CEO, Mr. Rob Shuter-non-executive director and Mr. Karl Toriola-non-executive director.
The retirement takes effect from September 2, 2019.