Ncell said that Foley, who has more than two decades of senior leadership experience in the telecommunications sector, has a remarkable record of achieving success with skillful leadership at major companies in the sector.
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Michael Foley has been appointed as the new Chief Executive Officer (CEO) of Ncell. His appointment will be effective from Kartik 15, 2082.
With the appointment of the new CEO, Syed Inamul Kabir, who has also been serving as the acting CEO, will continue his important role as the company’s Chief Financial Officer (CFO).
With over two decades of senior leadership experience in the telecommunications sector, Foley has a proven track record of successful leadership in leading companies in the sector.
Prior to joining Ncell, Foley was Head of French Africa at Airtel, where he was responsible for operations across seven Francophone African markets. Prior to that, he served as CEO of Telenor Pakistan (TP), leading the company through challenging business conditions, achieving significant success with market-leading growth, profitability, and employee engagement.
His previous leadership roles include CEO at Grameenphone (Bangladesh) and Telenor (Bulgaria), where he led significant business transformations to grow its customer base to over 70 million and achieve EBITDA growth of over 60 percent.
Foley has also served as Chairman of Tamir Microfinance (now Easypaisa, Pakistan) and Chairman of Telenor Health. He is currently the Chairman of Watu DRC SA, a subsidiary of Watu, Africa’s leading asset microfinance company.
Commenting on his appointment, Foley said, “I am delighted and honoured to take on this responsibility at Ncell in Kathmandu. Ncell is a critical infrastructure for the country, which has immense potential to drive digital transformation, enhance economic competitiveness and attract foreign investment, while creating new opportunities for the Nepali people. In today’s digital, AI-powered and social media era, telecommunications companies are not just service providers, we are also the digital fabric of society. We have become the operating systems of the modern economy. Therefore, it is imperative to manage these critical assets responsibly to serve the nation, strengthen our services and most importantly, empower future generations.’
Ncell’s board of directors expressed its deep confidence in Foley’s leadership and said, ‘We are delighted to welcome Foley to Ncell in this important leadership role. His extensive experience and strategic vision will be instrumental in guiding Ncell’s transformation and strengthening our commitment to continuously serving our communities.’
Foley is a graduate of McGill University and holds Executive Certificates in Global Management and Governance from INSEAD. He is a dual Canadian-Kenyan citizen.
