Zain Group's deputy CEO resigns

Hisham Akbar becomes the latest senior departure at Kuwait-based telco group

Tags: KuwaitZain - Kuwait
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Zain Group's deputy CEO resigns Zain Group has seen many management changes in the past 12 months. (Getty Images)
By  Roger Field Published  March 5, 2013

Hisham Akbar, deputy CEO of Zain Group, has resigned, according to a statement on the Kuwait stock exchange website. Akbar left the company on March 3, the statement said.

Akbar was appointed to the new role of deputy CEO of Zain Group in September 2012, and also retained his previous group COO role.

Akbar's resignation is the latest in a line of senior management changes at the telecom group, which operates in eight countries across the Middle East and Africa.

In December 2012, Zain Group hired former Wataniya Telecom CEO Scott Gegenheimer as group CEO.

Akbar became deputy CEO shortly after it was announced that the group's former CEO, Nabeel Bin Salama, would quit the role when his contract expired in February 2013.

Speaking to CommsMEA on the sidelines of Mobile World Congress in Barcelona last week, Gegenheimer said that there would be some management changes at the company in the coming months.

One person close to the company, speaking on condition of anonymity, said that Akbar's resignation had been expected for a few months.

Zain Group reported a decline in revenues and profits in 2012 as currency fluctuations dented the firm's results.

Click here to read CommsMEA's interview with Scott Gegenheimer at Mobile World Congress.

1717 days ago
Hasie

Probably Akbar was hoping he would fill in the role of Group CEO until Gegenheimer came along and was appointed instead in Dec 2012.

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