Ghassan Hasbani resigned from his position as CEO International Operations as his contract period approached its end, and expressed interest to exit the company to pursue other opportunities. STC International Operations will report to the Group CFO Krishnan Ravi Kumar effective September 1st 2012, until a permanent structure is identified as STC remains committed to its international investments and growth strategy. Kumar joined the Group early last July and brings with him 25 years of experience gained at senior positions at a number of international companies.
Hasbani will continue to support the organization during a handover period which is expected to end in October. He has a number of achievements including:
• Teletimes Leadership Award for Best Telecom International Operations 2011.
• Award winning CEO: Outstanding Leader of the year 2012, TMT Finance.
• Major contributions to the Telecommunications industry by way of thought leadership and vision on multiple topics
• Several publications focusing on major telecom and related economic topics
Group CEO Dr Khaled Al Ghoneim said, “our international operations have continued to grow stronger consistently over the last four years and we remain committed to our international strategy and vision for growth as we move ahead”. He added, “ We wish our colleague Ghassan success in the future and we thank him for his contributions to bringing the group this far in its internationalization stage”.
About International Operations.
STC embarked on an international
growth strategy in 2008 and by 2011 International Operations contributed 32{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} of total Group revenues, with a particularly notable double digit growth in subscriber base reaching over 130 million. Companies under the full operational control of STC achieved strong growth since their launch as greenfield operators with a positive contribution to Net Income specifically from Kuwait and Bahrain.
- Khalid Athar, Chief Editor and Publisher – Teletimes International presenting “Teletimes Leadership Award for Best Telecom International Operations” to Mr. Ghassan Hasbani in his office at STC’s headquarter in Riyadh, KSA.
