Pakistan Telecommunication Company Limited (PTCL) Board of Directors on Tuesday appointed Rashid Khan as new chief executive officer (CEO) PTCL with effect from March 2, 2019, with an additional charge of CEO Ufone. Addressing a press conference, CEO of PTCL, Dr Daniel Ritz, said that he has decided to leave PTCL for personal reasons upon completion of 3-year contract on March 1, 2019, in order to reunite with his family in Europe.
The PTCL Board of Directors met on Tuesday and appointed Rashid Khan, incumbent CEO of Ufone, to the post of CEO PTCL with an additional charge of CEO Ufone. Dr Ritz said, "It has been a privilege and an honour to lead PTCL and the PTCL Group through a period of significant transformation". "I am proud of what we have achieved as a team and the results announced today with PTCL returning to top line growth for the first time after several years of revenue decline are a testimony to this," he added.
The PTCL Board of Directors thanked Dr Ritz for his exemplary leadership in the past three years and the associated business results. His decision to return to Europe to re-unite with his family is understandable. Hatem Dowidar, CEO Etisalat International, commented, "Daniel has taken the helm of the company at a critical time where he has succeeded in laying the foundation for a future network, providing ultra-fast broadband to many areas with the biggest network modernization of PTCL in its history.
Additionally, PTCL under his leadership became active in Cloud computing, data centres and pushing forward the Digital Pakistan agenda. Chairman PTCL Maroof Azfal added, "On behalf of the government of Pakistan, I would like to thank Daniel sincerely for his personal leadership and achievements in putting PTCL, an important national asset, back on the growth track."
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