Mobile phone operator MTN Cameroon named Ebenezer Essoka as its new Chairman of the Board, effective February 2nd. He succeeds Collin Mukete, who has held the position since the company's inception in 2002.
Essoka, a prominent finance expert, brings experience from Cameroon's banking sector, including serving on the boards of SCB and UBA. He previously held positions at Standard Chartered Bank and Iburu, a consulting firm focused on African economic development.
Mukete, considered one of MTN Cameroon's founding figures, steps down after 21 years at the helm. During his tenure, the company grew to become Cameroon's largest mobile operator.
"I felt the time was right to step down," Mukete said in a statement. "I look forward to working with my successor."
Essoka's appointment comes as MTN Cameroon faces a legal dispute with Cameroonian billionaire Baba Hamadou Danpullo, leading to the company's accounts being seized.