Ross Cormack, CEO of Ooredoo’s Myanmar operation, is leaving.
According to a statement from the firm, reported in Mobile Live on May 14, Mr Cormack will leave “later in the year” and “there will be a hand over period to ensure a smooth transition in leadership.”
Ooredoo is bringing in Mr Rene Meza, currently managing director of Vodacom Tanzania, as a replacement.
Mr Cormack joined Ooredoo in 2003 to lead its mobile business in Qatar and in 2005 became the CEO of Ooredoo Oman.
Dr. Nasser Marafih, Ooredoo Group CEO, paid tribute to Cormack’s efforts in Myanmar, where the operator launched mobile services in August 2014: “In just under two years, he has led the creation of the new Ooredoo operation in Myanmar, one of the world’s fastest changing economies, which will be a significant growth opportunity for the group.”
With Ooredoo reporting a first-quarter loss of US$42 million in Myanmar, the Mobile Live report hints that a change might be needed, with rival Telenor claiming 6 million customers, close to double the 3.3 million Ooredoo subscribers.