ISLAMABAD: The PTCL Board of Directors in its meeting on Tuesday appointed Rashid Khan, currently the chief executive of Ufone, to the post of PTCL CEO from March 2.
PTCL CEO Dr Daniel Ritz decided to leave the company owing to personal reasons upon completion of his three-year contract on March 1, 2019, in order to reunite with his family in Europe.
On the occasion, Dr Ritz said, “It has been a privilege and an honour to lead PTCL and the PTCL Group through a period of significant transformation. I am proud of what we have achieved as a team and the financial results announced today with PTCL returning to top line growth for the first time after several years of revenue decline are a testimony to this.”
The PTCL Board of Directors thanked Dr Ritz for his exemplary leadership in the past three years and the associated business results. They said Daniel’s decision to return to Europe to reunite with his family is understandable.
Etisalat International CEO Hatem Dowidar commented, “Daniel has taken the helm of the company at a critical time where he has succeeded in laying the foundation for a future network, providing ultra-fast broadband to many areas with the biggest network modernization of PTCL in its history. Additionally, PTCL, under his leadership, became active in cloud computing, data centres and pushed forward the ‘Digital Pakistan’ agenda”.
PTCL Chairman Maroof Azfal added, “On behalf of the government, I would like to thank Daniel sincerely for his personal leadership and achievements in putting PTCL, an important national asset, back on the growth track.”
It is pertinent to mention that Rashid Khan’s appointment as PTCL CEO is in addition to his role as the chief executive of Ufone.
Rashid Khan remained the CEO and president of Mobilink for six years from July 2008 till August 2014. Moreover, he worked in Silicon Valley for almost 15 years for various international companies. He acquired extensive working experience in the technology sector while working at the valley. He was also awarded patents for his inventions.