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Eng. Akil Beshir will step down as CEO, but retain a Board position as TE's Non-Executive Chairman. He will be involved in the company's government relations and regulatory affairs activities and will continue to contribute to the formation of TE's long term strategy.
Commenting on the appointment, Mr. Akil Beshir, Chairman of Telecom Egypt, said:
"Since joining TE, Tarek has been a driving force in the formation of TE's corporate culture of transparency and openness and has been central to the execution of some of the company's biggest landmark transactions. He has consistently demonstrated strong leadership and a keen knowledge of the telecommunications landscape, both of which instill me with enormous confidence in his ability to drive TE forward."
Tarek Tantawy, added: "Since liberalization of the Egyptian telecommunications market we have grown in stature as a company, both in terms of the diversity of our business and in TE's ability to adapt its offering to embrace new opportunity. Having been with TE for over seven years, I realize that the challenges ahead of us are not insignificant, and I look forward to working alongside TE's experienced team to build on the company's strengths and to address these head on."
Several candidates for the role of Vice President & Chief Financial Officer are currently being reviewed and an announcement will be made as soon as possible.
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Posted by Nadeen El Ajou
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