Batelco appoints CEO for Bahrain operation
Rashid Abdulla to become CEO of Batelco Bahrain from January 31
Rashid Abdulla, the managing director of Qualitynet, Batelco's data services company in Kuwait, will become CEO of Batelco Bahrain next year.
Abdulla is due to start his new role from the end of January 2011, and will replace former CEO Gert Rieder, who resigned from Batelco in October.
Abdulla, who will become the first Bahraini to hold the position of CEO at Batelco Bahrain, has been in the telecoms business for 30 years and has managed Qualitynet for the past 10 years.
Abdulla began his career at Batelco in 1986 as an engineering manager, having completed a BSc in electrical engineering as a trainee with Cable & Wireless, Batelco's former shareholder.
Over the past 25 years, he has held management roles in a variety of Batelco's departments and played a key role in the company's launch of internet services in 1995.
Peter Kaliaropoulos, group CEO, Batelco, said he believed Abdulla has the right skills to drive Batelco Bahrain's growth in the competitive Bahraini market.
"We have faced many challenges this year with the competitive pressures in Bahrain and we anticipate that those challenges will intensify in the new year.
"Having worked alongside Rashid as part of Group Operations over recent years, I believe that he has the right leadership, competitive ethos, enthusiasm and energy necessary to address competitive challenges, focus the company on delivering value to our customers and drive the company's growth and future success," Kaliaropoulos said.
Batelco has experienced a decline in market share in Bahrain in recent years as competition increased. In October, the company said that its net profit for the nine months ended September 30, 2010 had dropped 17% to BD66 million ($175 million) compared to the same period in 2009.