Israeli operator Hot Mobile’s CEO Yaakov Nadvorani has reportedly resigned, just weeks after HOT Telecommunications chairperson Stella Handler announced her departure.
CFO Lior Haalman has been appointed acting CEO, according to sources cited in…
Israeli operator Hot Mobile’s CEO Yaakov Nadvorani has reportedly resigned, just weeks after HOT Telecommunications chairperson Stella Handler announced her departure.
CFO Lior Haalman has been appointed acting CEO, according to sources cited in Israeli business paper Globes.
As TelecomFinance reported on 11 January, Handler was said to have chosen to leave as she decided her role would become much less important following the delisting of the telco.
Handler’s departure then prompted Nadvorani’s resignation, according to Globes.
As TelecomFinance reported back in November, French businessman Patrick Drahi bought the remaining stake in HOT for NIS42 (US$10.9) per share through his company Cool Holding. Analysts predicted at the time that Drahi would delist the telco.
“The change to being a private company, together with the completion of a number of strategic moves that have positioned HOT in its rightful place in the market, led me to the decision that this is the right time for me to leave the company,” said Handler when announcing her departure.
HOT could not be reached for comment.
