E& CEO joins Vodafone board
that the CEO of Emirates Telecommunications Group, its biggest shareholder, will join the board as its Emirati backers gain more sway over the company’s strategy.
Hatem Dowidar, a former Vodafone executive, will join as a non-executive director for as long as the shareholder, also known as e&, holds at least 14.6% of the stock, Vodafone said Thursday. Vodafone and e& also outlined a “strategic relationship” to work more closely together on services, procurement and technology. The Emirates telecoms group bought a 10% stake in Vodafone a year ago and has gradually increased it. Dowidar told investors last week it could increase its stake to 25% to ensure it has influence.
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