Du makes two key senior appointments
UAE operator selects new COO and CCO
UAE telecom operator du has appointed Farid Faraidooni as chief operations officer and Fahad Al Hassawi as chief commercial officer, effective from June 1.
Prior to taking on the new roles, Faraidooni was chief commercial officer, while Al Hassawi was chief human resources and shared services officer.
Osman Sultan, CEO, du, said: "We are entering our next phase of business, and in preparation for this we are focusing on providing challenging opportunities for the next generation of Emirati leadership to step up and guide our company to further success."
Ahmad Bin Byat, chairman, du, said that in their new roles, Faraidooni and Al Hassawi would "drive our company through this exciting new phase of growth".
"This year, we will focus on maximising shareholder returns and share equity while meeting stakeholder expectations, improving productivity and profitability. As both Farid and Fahad demonstrate, we are proud of our Emiratisation programmes and are keen to nurture and reward UAE national talent, by providing them with stimulating, challenging opportunities to work in the private sector. I wish them all the best in their new roles."
In its Q1 results, du posted a net profit before royalty of AED752m for the first quarter of the year, representing an increase of 12.86% compared to the same period last year.