Vodafone Appoints E&'s Hatem Dowidar as Nonexecutive Director
By Najat Kantouar
Vodafone Group said that Emirates Telecommunications Group Company's Chief Executive Hatem Dowidar has now been appointed to the board as a nonexecutive director as part of its agreement announced in May.
The U.K.-based telecommunications company said Wednesday that Dowidar will join the board on Feb. 19.
On May 11, Vodafone and Emirates Telecommunications--known as E&--agreed to a strategic relationship that would see the latter become a cornerstone shareholder in the U.K. telecoms company.
As part of the agreement Dowidar was to join the Vodafone board as a nonexecutive director as long as E& maintains its shareholding of 14.6%, it said at the time. E& will also have the ability to nominate a second nonexecutive director if its shareholding exceeds 20%.
"He [Dowidar] brings extensive experience within the telecommunications industry and has held senior positions across a range of companies in the Middle East, Africa and Europe. His appointment will further strengthen our strategic partnership," Chair of Vodafone Jean-Francois van Boxmeer said.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
February 14, 2024 02:47 ET (07:47 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks