Abu Dhabi group splits Warid and Wateen Boards
A notable outcome of this development has already surfaced as Mr. Zouhair A Khaliq has resigned from Warid’s board, to continue serving as a member of Wateen’s board.
A Warid spokesperson confirmed ProPakistani of the development by saying that this top level change is carried out on direct orders of Sheikh Nahyan bin Mubarak Al Nahyan, Chairman of Abu Dhabi Group, to make both the group entities self sustainable and to streamline the operational procedures in both companies.
It may be recalled that Mr. Khaliq was appointed as Group Executive Director in January 2011. He was representing Dhabi Group on boards of Warid and Wateen Telecom since then.
It is too early to speculate the long term impact of the move on Warid and Wateen Telecom, which appears like a major strategy shift from Dhabi Group for its telecom arms in Pakistan.
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He was a success story in mobilinlk before it falls apart and he was asked to resign. In warid he hasnt made any strategical changes and tried to lead the team while sitting in UK. he brought his own lobby who was sidelined in mobilink and paid them atleast three to five times more and in this process also loosing very professional and talented professionals(existing employees) Result is that warid has slipped to fifth position and zong has surpassed in revenues and susbscribers base.Pls visit PTA site for statistics.
I agree with Sunil
I disagree and i think your comment is too pre mature and biased. I think he has been a great value addition for Warid and if boards are splitting it shall be even good for Dhabi group and both Warid and Wateen Telecom.
This just shows failure after failure on Zohairs part. Dhabi Group has been taken for a ride by its 'new' management.