Zouhair A. Khaliq has stepped down as Board Member of Wateen Telecom, Pakistan after completing a 3 year-tenure that led to the restructuring and reorganization of Wateen, said official statement issued by the company.
Naeem Zamindar was appointed CEO at the same time and together this team brought in key new members to strengthen the management team and address the challenges at the Company.
Zouhair led the restructuring effort as Chairman of the Board Executive Committee.
Working with the CEO and shareholders Zouhair played a key role in strengthening Board Governance bringing in additional independent members to the Board, and reorganizing the operational team, including the appointment of a Restructuring firm to successfully negotiate new financial terms with its lenders.
Zouhair’s leadership consolidated and refocused Wateen’s businesses leading the effort in carving out the WiMax business and planning a merger with QuBee.