Orascom Telecom Media and Technology Holding S.A.E. (OTMT) announced that Naguib Sawiris has submitted his resignation from his position as CEO effective January 1, 2017. Mr. Sawiris will continue to assume all responsibilities of his current position until the appointment of the new CEO is completed and registered with regulatory authorities. Mr. Sawiris has nominated Mr. Tamer El Mahdi, COO & Deputy CEO, as the successor to this position after the completion of Mr. El Mahdi's appointment as board member. Mr. El Mahdi served as the Chief Technology Officer for the Orascom Telecom group then became the CEO of Djezzy.

For the past two years, Mr. El Mahdi has been serving as the COO and Deputy CEO of OTMT focusing on the operations including the development of the new sectors including the financial services, energy, transportation and logistics sectors. Mr. Tamer El Mahdi has over 22 years of experience with a special focus on developing and implementing corporate strategies including building Greenfield operations, developing new operations and services and transforming existing assets. The company has also announced that Mr. Yousef Shoukry has submitted his resignation from his position as Member of the Board of Directors for Financial and Administrative Affairs effective January 1, 2017.  Mr. Khaled Ellaicy has been appointed as Chief Financial Officer to succeed Mr. Shoukry.

Khalid Ellaicy was partner in KPMG Egypt where he specialized in the audit of telecommunication companies and had a long list of international clients. His responsibilities included assisting clients in their IPO process, including the IPO of OTH.