Dudu Mizrahi, the CEO of Israel’s leading telco Bezeq, has designed after four years in the position.
He will continue to serve as CEO until a replacement is found and as far as is necessary to ensure the orderly transfer of management within the company.
Following his decision, Mizrahi stated: “After more than 20 years at the Bezeq Group, and close to four years as CEO, I feel that now is the time for me to make a change. When I assumed the position of CEO in 2018, I found the Company in a state of post-trauma, trying to recover from the crisis it had suffered, and contending with a heavy debt, severe revenue erosion and a large-scale loss of subscribers. Today, four years later, Bezeq is a strong company, with consistent growth in revenues and subscribers, as well as a robust and healthy balance sheet. The substantial improvement attained in all the company’s business parameters was gained thanks to the tremendous employees here at Bezeq, who invested considerable efforts and put their heart and soul into the task of facilitating the successful turnaround undergone by the company. Today’s Bezeq is a strong company with excellent infrastructure, a high level of esteem accorded by its customers, a winning corporate management team, an exemplary organizational culture, in which the employees take pride in their workplace.
“I wish to thank my partners along the way – the excellent management team, the company’s employees, the board of directors and the controlling shareholder, Searchlight Capital Partners, for their trust and partnership”.
Gil Sharon, chairman of the Bezeq Group, added: “Dudu led Bezeq at an extremely complex and challenging period and led the company to unparalleled levels of operational and financial performance.
Dudu leaves behind him a company in an outstanding state, and one that is investing in its future for its customers, based on a perception of long-term market leadership. I would like to thank Dudu for this period of joint work, and I wish him every success in his future professional endeavours”.
