HH Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE and ruler of Abu Dhabi has issued a decree appointing Eissa Al Suwaidi as the chairman of Etisalat Group.
The ruler also appointed six new members to the Etisalat board. The new appointees are Abdullah Salem Al Dhaheri, Mubarak Rashid Al Mansouri, Shoaib Mir Hashim Khoory, Abdullah Mohammad Saeed Ghobash, Essa Abdulfattah Kazim and Mohammad Hadi Ahmad Abdulla Al Hussaini.
In addition to his new role at Etisalat, Al Suwaidi serves as an executive director at Abu Dhabi Investment council and is also a director of Abu Dhabi National Oil Company for Distribution, International Petroleum Investment Company, Abu Dhabi Fund for Development and Emirates Investment Authority. He also serves as the chairman of Abu Dhabi Commercial Bank. He holds a degree in economics from Northeastern University, USA.
Al Suwaidi was also previously a board member at Du, Etisalat's competitor in the UAE.
Al Suwaidi said: “I am honored to have been given the challenge of leading one of the leading telecommunications companies in the region. Etisalat has become a provider of innovative solutions that help transform communities and accelerate economic growth and social development, and I look forward to further establishing Etisalat as the integrated telecommunication company of choice across our markets.”
Etisalat is 60.03% owned by the Emirates Investment Authority, which in turn is owned by the government of the UAE. The chairman and board representatives are directly appointed by the President of the UAE.
In June, Etisalat said that it had hired three senior executives to oversee its Asian operations.