SAN FRANCISCO, July 04, (THEWILL) – Following Hakeem Belo-Osagie’s resignation early this week as part of the agreement reached for a seamless transition, Etisalat Nigeria has appointed Mr. Boye Olusanya as its new chief executive.
Boye Olusanya was the former Deputy Managing Director, DMD, of Celtel Nigeria.
Etisalat Group took over Etisalat Nigeria as a result of the telecommunications firm’s inability to repay its debts reaching $1.72 bn (about N541.8bn).
On Monday, the company’s CEO Matthew Willsher and Chief Financial Officer Olawole Obasunloye stepped down as part of its transition process.
The Central Bank of Nigeria and the Nigeria Communications Commission, NCC, recently brokered the transition agreement with the banks which the telco owes N541 billion.
Olusanya was a pioneer member of Econet in 2001 and has worked through the different stages with the company. He has lived through the various boardroom crises — a factor said to have contributed to his choice to manage Etisalat.
Boye Olusanya holds a BSc in Civil Engineering and MSc in Environmental Civil Engineering from a Liverpool University. He also has another MSc in Computer Science from Manchester University.
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