Bezeq Group Chairman Gil Sharon informed the company's board of directors yesterday of his desire to step down from his position. The retirement will take place in a few months in order to ensure an orderly transition of the position, and to assist the company in whatever is necessary.
During Sharon's tenure, and as part of its growth strategy, the Bezeq Group launched the fiber optic network that spread throughout the country at an accelerated pace and in less than three years became the largest network in Israel. At the same time, Pelephone's subsidiary accelerated the deployment of the 5G network and upgraded close to a million subscriptions while increasing revenue. Yes successfully launched a fiber TV and Internet package, which brought tens of thousands of customers together. Bezeq International has defined a new focus - on cloud, cyber and integration services for companies. From the financial aspect, the Group carried out acquisitions and mergers and succeeded in significantly reducing its debt and returned to distributing dividends to shareholders.
Sharon said: "After a very intensive period in the group, I decided to embark on a new path, in which I can contribute my experience and improve companies, in a variety of fields, as I did with great pleasure in all my previous positions - at Pelephone, Golan Telecom and Bezeq."
"When I joined the group as chairman, I felt personal closure when I returned to the corporation where I was Pelephone's CEO for a long time. First and foremost, I would like to thank my colleagues on the Board of Directors for their excellent teamwork and commitment to every task. I would like to thank the CEOs of the companies, Bezeq, Pelephone, Yes, Bezeq International and Bezeq Online for their excellent work and great cooperation. I also thank all the 11,000 wonderful and dedicated employees of the Bezeq Group, who invest and contribute every day to the Group's success."
Bezeq Group. Photo: Joshua Yosef, Photo: Joshua Yosef
Tomer Raved, CEO of Bycom, Bezeq's controlling shareholder and a member of the board of directors, said: "We were very sorry to hear about Gil's desire to leave his position. On behalf of myself and the controlling shareholders of the Group, and all members of the Board of Directors, we would like to thank Gil for the years in which he led the Group successfully and appreciate him for the way he managed it."
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