PARTNER COMMUNICATIONS ANNOUNCES THE APPOINTMENT OF MR. AVI GABBAY AS THE COMPANY'S NEW CEO
Rhea-AI Summary
Partner Communications Company Ltd. (NASDAQ: PTNR) announces the appointment of Mr. Avi Gabbay as CEO, effective June 1, 2022. Previously, Gabbay served as CEO of Cellcom and Bezeq. His appointment follows a recommendation from the Company's Nominating Committee. Gabbay expressed enthusiasm for joining Partner and aims to advance the company for its customers and shareholders. Partner is a leading provider of telecommunications services in Israel, including cellular, fixed-line, internet, and television services.
Positive
- Avi Gabbay's leadership experience from previous roles at Cellcom and Bezeq could bring valuable insights to Partner.
- Gabbay's appointment is seen as a potential catalyst for growth and innovation within the company.
Negative
- Transitioning to a new CEO might create initial disruptions during the adjustment period.
- Gabbay's prior association with Cellcom could lead to perceived conflicts of interest.
News Market Reaction – PTNR
In the trading session that priced this news, PTNR gained 3.21%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROSH HA'AYIN, Israel, May 23, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announces, further to the Company's report dated April 12, 2022, that in accordance with the recommendation of the Company's Nominating Committee, the Company's Board of Directors has approved today the appointment of Mr. Avi Gabbay as the new CEO of the Company, effective June 1, 2022.
In his last position, Mr. Gabbay served as the CEO of Cellcom and in the last six months he was subject to a cooling off period. In the past Mr. Gabbay served for six years as the CEO of Bezeq.
Mr. Gabbay noted: "I am happy to join the Partner Group and thank the Board of Directors for the choice. I believe that together with the management, the employees and the Board of Directors, we will continue to push forward for the benefit of the Company's customers and its shareholders".
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ: PTNR) (TASE: PTNR).
For more information about Partner see:
http://www.partner.co.il/en/Investors-Relations/lobby/
Contacts:
Mr. Tamir Amar Chief Financial Officer Tel: +972-54-781-4951
| Mr. Amir Adar Head of Investor Relations & Corporate Projects Tel: +972-54-781-5051 Email: investors@partner.co.il |
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SOURCE Partner Communications Company Ltd.