Cellulant Reorganizes Leadership, Prioritizes Profitability

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Cellulant, the pan-African payments company valued at $133 million in 2022, is undergoing a period of transformation. Following the departure of its CEO and several senior executives earlier this year, Cellulant has appointed a new leadership team with a focus on achieving profitability and operational excellence.

Cellulant has filled key positions within its leadership structure. Peter O'Toole remains acting CEO, while Andy O'Sullivan joins as the new CTO, replacing George Murage. Additional appointments include Gbenga Haastrup as Executive Consultant for Governance, Risk & Compliance, Irene Koki as Head of Internal Audit, Ochebhoya Ekpete as Vice President of Group Finance, and Susan Fouche as Group Chief People Officer.

Cellulant is prioritizing its core areas of expertise: checkout, payout, and banking solutions. This strategic shift aligns with the company's goal of becoming "a highly sustainable and profitable payments company," according to acting CEO Peter O'Toole.

The new leadership team aims to streamline Cellulant's operations and implement effective risk management strategies. This follows a challenging year in 2023 that necessitated workforce reductions. Cellulant has stated that these adjustments were made "to improve efficiency and support our ambitious growth plans."

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