Zain selects new chief
Board of directors accept resignation, which will be effective from March 1.
Telecom operator Zain is reported to have chosen Nabil bin Salama, former Kuwaiti minister of communication, to replace Saad Al Barrak as CEO, according to Kuwaiti daily newspaper, al-Qabas.
Zain has not yet officially stated who will replace Saad Al Barrak, although the telco confirmed that its board of directors accepted Saad Al Barrak's resignation, which will be effective from March 1, 2010, at a meeting last Thursday.
"The Board [...] discussed the creation of the new position of Chief Executive of Zain Group, the holder of which would succeed Dr Al Barrak in undertaking the executive management of the Group. The members of the Board however decided to defer naming Dr Al Barrak's successor until its next meeting," Zain said in a statement.
Al Barrak, who became CEO of the company in 2002, led the company's expansion that saw it become a pan-regional player with operations in 23 countries throughout the Middle East and North Africa.