Ooredoo announced the appointment of Aziz Ahmad Fakhroo as managing director of Ooredoo Group, as of November 1.
Aziz Ahmad Fakhroo has been a member of Ooredoo's board of directors since 2011. He is currently Deputy Undersecretary for Financial Affairs at the Ministry of Finance.
Previously, he was Assistant Undersecretary for General Budget Affairs of the Ministry of Finance and Deputy Director in the Mergers and Acquisitions Department of Qatar Holding, the strategic and direct investments arm of the Qatar Investment Authority.
Previously, he was founder and chief operating officer of Idealys. He currently represents Qatar Holding on the boards of United Arab Shipping Company, Canary Wharf Group, and Chelsfield LLP.
Ooredoo has also announced the retirement of Sheikh Saud bin Nasser al-Thani, Group chief executive officer, effective December 31.
Sheikh Faisal bin Thani al-Thani, chairman, Ooredoo, said: "On behalf of Ooredoo, I would like to extend my warm thanks to Sheikh Saud for all the milestones reached and achievements made across Ooredoo Group under his leadership. I would also like to congratulate Mr Aziz on his appointment as Managing Director of Ooredoo Group and wish him the very best in his new role."
Sheikh Saud said, "As I step aside after 30 years with Ooredoo and prepare to hand over the reins, I take this opportunity to express my heartfelt thanks to our Chairman, Sheikh Faisal bin Thani al-Thani, the Board of Directors and the wider Ooredoo family for their invaluable support and trust during my tenure at the helm. I would also like to congratulate Mr Aziz for his new role and wish him the best as Managing Director of Ooredoo Group."