Saudi Telecom Co (STC) has appointed the company's chairman as acting chief executive, two sources familiar with the matter said on Monday, in the latest management upheaval at the Gulf's No.2 operator.
Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim, the sources said.
Ghaneim, who could not immediately be reached for comment, resigned on March 17 and the company said in a bourse statement that Wednesday would be his last day at the helm.
"This probably means there will be some more changes at senior level, but these are needed to change the company's behaviour, to become less affected by internal politics and more accountable," said one source, speaking on condition of anonymity.
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