Home > General > Zain appoints ex-minister as CEO

Zain appoints ex-minister as CEO

February 16, 2010 Leave a comment Go to comments

Nabil Bin Salama to take over at helm of Kuwaiti mobile operator on 14 February.

The board of Kuwait’s Mobile Telecommunications Co or Zain, the third-largest Arab telecom operator by market value, said Thursday it appointed a former minister as chief executive, replacing Saad Al Barrak, who has stepped down.

Nabil Bin Salama, who served as minister of communications, electricity and water in 2009, will assume his duties as of Feb. 14, the company said in a statement.

“The board of directors states their confidence in the professional capabilities of Mr Bin Salama in continuing the company’s future direction and path in maximizing shareholder value,” said Zain.

Bin Salama has a Bachelor of Electronic Engineering from the University of Dayton, Ohio, the statement said.

Zain’s board accepted last week Al Barrak’s resignation, a day after announcing the move, without citing a reason for his exit.

Al Barrak took the helm of Zain in 2002, spearheading the company’s aggressive expansion drive with acquisitions and licenses aimed at turning the company into a top-ten global telecom player by 2011.

Zain shares closed Thursday up 3.8% to KWD1.080.

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