Zain Kuwait appoints ex-Wataniya chief as CEO

Scott Gegenheimer to take helm with immediate effect

Tags: KuwaitZain - Kuwait
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Zain Kuwait appoints ex-Wataniya chief as CEO Gegenheimer will replace Nabeel bin Salama, who will depart in February. (Getty Images)
By  Stephen McBride Published  December 3, 2012

Kuwait's Zain appointed rival telco Wataniya’s former CEO Scott Gegenheimer as group chief executive yesterday, Reuters reported.

The operator made the announcement in a statement to the country’s bourse six months after Gegenheimer left his position at Qtel subsidiary Wataniya where he served since 2002, becoming CEO in 2008. The new role at Zain is effective immediately.

Gegenheimer will replace Nabeel bin Salama, who announced in October his intention not to renew his contract, which expires in February.

Zain tops the Kuwait mobile market with a 41% share of subscribers as of Q4 2011 and operates across the Middle East, in Saudi Arabia, Sudan, South Sudan, Iraq, Bahrain, Lebanon and Jordan. Wataniya holds the number-two slot, accounting for 39% of market consumers. The domestic market offers an affluent, data-hungry subscriber base, but competition is increasingly fierce and tax changes and the lack of an independent regulator may prove damaging to the sector’s prospects.

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