Press
Appointments to the Supervisory Board of Maroc Telecom
and appointment of Mr. Abdeslam Ahizoune as the Chairman of the Management Board of Maroc Telecom
Following the acquisition of 53% of Maroc Telecom's capital by Etisalat, the Supervisory Board of Maroc Telecom has co-opted, alongside the representatives of the Kingdom, five new members representing the Group Etisalat, to replace the members representing Vivendi. As Mr. Abdeslam Ahizoune presented his resignation, Etisalat nominated him to the new Supervisory Board which appointed him as the Chairman of the Management Board to lead the Group Maroc Telecom in the new stage of its expansion in Morocco and internationally.
The Supervisory Board of Maroc Telecom has first co-opted and then elected Mr. Eissa Mohamed Al Suwaidi, Chairman of Etisalat since June 2012, as its Vice-President.
Mr. Al Suwaidi is also the Chairman of Abu Dhabi Commercial Bank, Executive Director of Abu Dhabi Investment Council, and Board Director in several organizations such as Abu Dhabi National Oil Company for Distribution, International Petroleum Investment Company, Abu Dhabi Fund for Development and Emirates Investment Authority. Mr. Eissa Mohamed Al Suwaidi holds a Bachelor's Degree in Economics from Northeastern University of Boston (USA).
The Supervisory Board of Maroc Telecom has also co-opted Misters Mohamed Hadi Al Hussaini, Ahmad Abdulkarim Julfar, Daniel Ritz and Mohamed Saif Al Suwaidi.
Mr. Mohamed Hadi Al Hussaini is board member of five public companies, Etisalat, Emirates NBD, Emirates Islamic Bank, Dubai company refreshments and National General Insurance Company. Mr. Hadi Al Hussaini holds a Master's degree in international business from Webster University in Geneva (Switzerland).
Mr. Ahmad Abdulkarim Julfar is CEO of Etisalat Group since august 2011. He also serves on the boards of Mobily, Etisalat Misr and Etisalat Services Holding. Mr. Julfar holds Bachelor's Degrees in Civil Engineering and Computer Science from Gonzaga University (USA).
Dr. Daniel Ritz joined Etisalat as Chief Strategy Officer of the Group in february 2012. Dr. Ritz also serves on the Board of Atlantic Telecom, Thuraya, PTCL and Ufone. Dr. Ritz holds a Ph.D in Business Administration from the Hochschule St. Gallen (Switzerland).
Mr. Mohammed Saif Al Suwaidi is Director General of Abu Dhabi Fund for Development, Chairman of Al Ain Farms for Livestock Production and Vice-President of the Arab Bank for Investment and Foreign Trade. Mr. Al Suwaidi holds a degree in Business Administration from Baptist University of California (USA).
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Maroc Telecom is a full-service telecommunications operator in Morocco and the domestic-market leader in all its business activities. With its four subsidiaries-Gabon Telecom in Gabon, Mauritel in Mauritania, Onatel in Burkina Faso, and Sotelma in Mali-Maroc Telecom Group has more than 39 million customers in the mobile, fixed-line, and internet sectors. Maroc Telecom has traded on the Casablanca and Paris stock exchanges since 2004. The Group's largest shareholders are Vivendi (53%) and the Kingdom of Morocco (30%).
