Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced Segun Ogunsanya, as its new Chief Executive Officer. Ogunsanya, who is currently the Managing Director of Aitel Nigeria is to succeed Raghunath Mandava, following the latter’s request for retirement.
According to a statement from the company, Ogunsanya will join the Board of Airtel Africa plc with effect from 1 October 2021. “Segun Ogunsanya joined Airtel Africa in 2012 as Managing Director and CEO Nigeria and has been responsible for the overall management of our operations in Nigeria, our largest market in Africa.
“Segun has more than 25 years of business management experience in banking, consumer goods, and telecoms. Before joining Airtel in 2012, Segun held leadership roles at Coca-Cola in Ghana, Nigeria, and Kenya (as MD and CEO). He has also been the Managing Director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa. He is an electronics engineer and also a chartered accountant,” Airtel stated.
The company added that Mandava will be retiring as Managing Director and Chief Executive Officer, as a Director of Airtel Africa plc and as a member of the Market Disclosure Committee on 30 September 2021. “Arrangements have been made to ensure a smooth transition of responsibilities. Following his cessation of employment at Airtel Africa, Mr. Mandava will be available to advise the Chairman, the Airtel Africa Board and the Managing Director and Chief Executive Officer for a 9-month period,” it stated.
Airtel said Ogunsanya’s successor as Managing Director and CEO Nigeria will be made soon.
Commenting on the appointment, Airtel Africa Chaiman, Sunil Bharti Mittal said: “We are delighted to appoint Segun Ogunsanya as the Group's next Chief Executive Officer. He has displayed significant drive and energy in turning around the Nigeria business by focusing on network modernisation, distribution, and operational efficiency. It is this commitment, together with his industry experience, strategic vision, constant customer focus and proven record of delivery that will enable him to continue to deliver our strategic objectives and to lead the Group in the next stages of its development."
On behalf of the Board, I would like to thank Raghu Mandava for being instrumental in successfully leading and transforming Airtel Africa into powerhouse telecommunications and mobile money company. Throughout that time, Raghu has worked tirelessly first to repair and then to strengthen Airtel Africa’s business and to champion our stakeholders. As we look forward to Segun assuming his new role in October 2021, we do so from a position of great strength as a result of Raghu's highly effective stewardship. Raghu will retire from the Board with our very best wishes and sincere appreciation for everything he has achieved.”
On his part, Ogunsanya said: “Having been part of the Airtel Africa journey for the past nine years, I am looking forward to taking up the role of Chief Executive Officer. On a personal note, as an African, I feel honoured to have the opportunity to lead a Group that continues to make a difference to millions of people, bridge the digital divide and expand financial inclusion. This is an exciting opportunity to position Airtel Africa for further success in a dynamic continent full of potential. I look forward to building on the achievements of the last five years during Raghu’s leadership.”