Business
Telecom Egypt : Announces Leadership Changes
Telecom Egypt : Announces Leadership
About this update from Telecom Egypt
[{"type":"text","content":"\n \n Telecom Egypt today announced changes to its Board of Directors, appointing Lobna Helal as Chair of the Board. She succeeds Dr. Magued Osman, who stepped down after a nine-year tenure, having served as Chair since 2016. Helal, an independent board member since March 2019, is the first woman to lead Telecom Egypt's Board, marking a significant milestone in the company's history. \n \n The Board has also re-appointed Mohamed Nasr as Managing Director and CEO for a second term, ensuring continuity in leadership and execution of the company's strategic goals. The changes were approved during the Board meeting held today and are effective immediately.\n Lobna Helal, Chair of the Board, commented:\n \"I would like to extend my sincere gratitude to Telecom Egypt's Board of Directors for entrusting me with this role. It is a profound honor to serve as the first woman to chair the Board, and I embrace this responsibility with a deep commitment to upholding the highest standards of corporate governance, strategic oversight, and sustainable growth. With a career dedicated to financial stability, banking reform, and economic development, I look forward to leveraging my experience to further strengthen Telecom Egypt's position as a leading telecom provider. By drawing on my expertise in regulatory frameworks, risk management, and financial restructuring, I will work closely with my esteemed fellow board members to drive innovation, optimize operational efficiency, and create long-term value for our stakeholders. I would also like to extend my heartfelt appreciation to Dr. Magued Osman for his outstanding leadership, dedication, and invaluable contributions over the past nine years. His legacy has provided a strong foundation for Telecom Egypt, upon which we will continue to build to ensure a prosperous and innovative future for the company.\"\n Mohamed Nasr, Managing Director and Chief Executive Officer at Telecom Egypt, commented:\n \"I am grateful to the Board for their continued trust and reappointment. Over the past few years, Telecom Egypt has made significant strides, and I remain committed to furthering our progress by delivering sustainable growth, driving innovation, and ensuring the highest standards of service for our customers. I look forward to working closely with the Board under the visionary leadership of Lobna Helal as...