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Telecom Egypt Appoints New Chief Executive Officer

Eng. Tarek Aboualam was appointed as Chief Executive Officer (CEO) and Managing Director, replacing Eng. Mohammed Abdel Rehim Hassanein.
Telecom Egypt | 12.01.2012
Telecom Egypt (TE ) today announced the appointment of Eng. Tarek Aboualam as Chief Executive Officer (CEO) and Managing Director with effect from 19 January 2012.

TE's current CEO, Eng. Mohammed Abdel Rehim Hassanein, will step down on 18 January when he reaches the age of retirement, in line with TE's corporate policy . He assumed the role in June 2011, having served TE for 36 years in a variety of positions, initially joining as an engineer and progressing to Seni or Vice President (SVP) and Chief Technology Officer (CTO).

Thanking Mohammed Abdel Rehim Hassanein for his service, TE' s Chairman, Eng. Akil Beshir, said:
"Over the past 36 years, Eng. Mohammed has made a significant and lasting impact on the success of TE, serving the company diligently throughout his career. Most notably, over the past 6 months, Mohammed has steered TE through a very challenging and dynamic market while ensuring clients continued to receive the best possible service. On behalf of the Board of Directors , I would like to thank Mohammed for his loyal service and wish him all the best for his retirement."

Eng. Tarek Aboualam joined TE in May 2009 as Vice President, International & Wholesale and was subsequently promoted to Senior Vice President in June 2011.

Tarek has more than 16 years' experience in the telecommunications industry , including a significant track record of accomplishments in the Middle Eastern and European markets, having served as a board member of several telecom companies. He was also involved in the successful launch of TE Data; playing a major role in the conception and implementation of the company's business plan and strategic decisions. During his time at TE, Tarek has grown the International and Wholesale businesses which now typically account for half of our total revenues.

Commenting on Tarek Aboualam's appointment, Eng. Akil Beshir said:
"The persistent pace of change within the Egyptian telecommunications market, combined with the challenges thrown up by the global economic crisis, demands the highest standards of leadership. Through his hard work and commitment to TE, Tarek has proven his ability to lead a business and find new avenues for growth. Since joining TE in 2009, the Board has been impressed by his focus and determination and I greatly look forward to working with Tarek on this new and exciting chapter for TE. "

A replacement for the role of Vice President, International & Wholesale will be announced by TE in due course.