CAIRO: Telecom Egypt announced on Tuesday that Mohamed Sayad Al Dessouky, the Senior Vice President and Chief Technology Officer will retire on Thursday, in line with the telecom giant's corporate police which mandates that executives retire at a certain age. His replacement will be announced soon, according to the company's statement. Tarek Abou Alam last week took over as the company's new chief executive and managing director. The moves come as TE workers have repeatedly demanded a change in leadership, following a series of strikes last fall over their frustration with the company's board. They accused the company of rampant corruption, which led to financial losses for the company as well as demanding higher salaries for the workers and revising the current massive salaries for the top company officials. “It was part of the continued revolution efforts to get people better living standards and their demands have now been met,” said a lawyer with the Egyptian Center for Economic Rights, who told Bikyamasr.com that the “change in leadership is, in our view, a direct result of the workers' efforts.” Despite the strike, services of the predominantly landline operation were largely unaffected. Telecom Egypt is also looking to enter the mobile phone market and hopes to bid on the 4th mobile license in the country, which is to be launched later this year. BM ShortURL: http://goo.gl/aai1Z Tags: Telecom, Telecom Egypt Section: Egypt, Tech
