Cellulant Appoints Peter O’Toole As Acting CEO After Akshay Grover’s Exit

Cellulant has appointed its chief financial officer Peter O’Toole as the acting CEO following the sudden exit of Akshay Grover.

Grover, according to the firm, has left to focus on personal matters.

Grover was appointed as the CEO on an acting in 2021 three months after joining Cellulant as the chief financial officer, before being confirmed months later.

He had replaced the firm’s co-founder Ken Njoroge who resigned after 18 years at the helm.

“Under his leadership, Cellulant has strengthened its position both on the African continent and internationally. His efforts have been pivotal in enhancing the Cellulant brand and driving the company’s strategic objectives,” said Cellulant.

“As Cellulant embarks on this transition, the company is committed to maintaining its momentum and continuing its growth trajectory.”

O’Toole joined Cellulant last year as CFO and will henceforth be tasked with driving the strategic direction and expansion of the business.

He boasts more than 30 years of experience in banking, finance, payments and technology across Europe, the Middle East and Africa.

O’Toole has served in various capacities at Interswitch, Renmoney, MBU Education Group and at digital bank Umba.

Other high-profile positions he has previously held are that of CFO at data and analytics firm Dun & Bradstreet in the United Kingdom, as well as finance and operations director at Barclays Bank in Ireland.