Globacom CEO Ahmad Farroukh Departs After Just One Month After Appointment
Globacom, a major player in the Nigerian telecommunications market, is facing a leadership crisis after CEO Ahmad Farroukh resigned from his position just one month after his appointment in October 2024.
Sources indicate that the departure is linked to internal challenges within the company’s organizational structure. Farroukh, a seasoned executive with a track record of success at MTN and Smile Communications, reportedly struggled to adapt to Globacom’s internal dynamics.
This leadership instability comes at a critical time for the company, which is already grappling with significant challenges.
Globacom recently faced severe penalties from the Nigerian Communications Commission (NCC) for failing to comply with subscriber registration regulations.
This resulted in the loss of over 40 million subscribers, significantly eroding the company’s market share and leaving it trailing behind competitors MTN and Airtel.
Moving forward, Globacom must address its internal challenges and appoint a new CEO capable of navigating the highly competitive Nigerian telecom market. The company faces the urgent task of regaining lost market share and ensuring its long-term viability in the face of increasing competition.
