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Instability, lack of adequate support behind Salem's resignation from TE - Daily News Egypt

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Instability, lack of adequate support behind Salem’s resignation from TE

I preferred to leave the scene, and my resignation was submitted two weeks ago, says Salem

By Mohamed Alaa El-Din

Mohamed Salem, the former chairman of Telecom Egypt (TE), said he has not rescinded his resignation decision.

Speaking to Daily News Egypt, Salem said that he had submitted his resignation to the then-minister of communications Khaled Negm over two weeks ago. Salem added that the minister did not accept the resignation at first before the cabinet reshuffle.

Salem said that he cannot disclose the reasons for his resignation, but added that the lack of support to the sector and the instability it has been suffering from are among them. He noted that he will not rescind his decision to resign as long as these reasons remain unchanged, adding that he preferred to withdraw from the scene for now.

Salem said he has not put forward any nominations for his successor, preferring to leave absolute freedom to the Minister of Communications and the Prime Minister to choose the person best suited to continue leading TE in the upcoming period.

Salem e-mailed his resignation to TE members on Saturday without announcing his reasons for resigning. Former communications minister Khaled Negm had previously removed Mohamed El-Nawawy as CEO of TE. Negm then appointed Mohamed Salem as chairman, as well as Tarek Aboualam, Khaled Sharif and Osama Yaseen as members of the Board of Directors.

The board chose Osama Yaseen as CEO of the company and amended the company’s statute to maximise the role of Chairman.

Topics: te Telecom Egypt

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