Ahmad Farroukh has reportedly resigned from his role as the CEO of Nigerian telecom giant Globacom, just a month after taking on the position in October 2024. TechCabal sources suggest that Farroukh’s abrupt departure may be tied to challenges within the company’s organizational setup.
It is believed that Farroukh, who previously worked at companies with more contemporary management approaches like MTN and Smile Communications, found Globacom’s internal structure difficult to navigate, potentially leading to his decision to step down.
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This leadership change comes at a particularly tough time for Globacom. The Nigerian Communications Commission (NCC) recently reprimanded the company for failing to properly register the ID numbers of over 40 million of its customers. As a result, the telecom provider lost a significant portion of its customer base, reducing its market share to just 12%—a stark contrast to its rivals MTN and Airtel.
Looking ahead, Globacom faces two key hurdles: finding a new CEO who can navigate the competitive Nigerian telecom sector and revamping its internal structure to better attract and retain top talent in the industry.
