Ahmad Farroukh, CEO of MTN's 2nd largest market South Africa, resigns amid declining sales

Ahmad Farroukh, former CEO of MTN South Africa

MTN Group Ltd. said Ahmad Farroukh, the chief executive officer of the wireless carrier’s South African unit, has resigned amid strikes and declining sales in the company’s second-biggest market.

“This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons,” MTN CEO Sifiso Dabengwa said in an e-mailed statement on Monday, without giving further detail. The resignation is effective July 31, the company said.

MTN, based in Johannesburg, has been battling labor union-led strikes over pay and bonuses in its home market.

Read more: MTN South Africa CEO Farroukh Resigns Amid Declining Sales – Bloomberg Business

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