GO to appoint a new Chief Executive

The Board of Directors of GO will shortly appoint a new Chief Executive Officer to replace Yiannos Michaelides, who will be vacating the position to pursue other opportunities on 30 March.

Mr Michaelides, who has been at the helm since July 2012, has successfully led GO’s senior team in their efforts to grow GO into a modern and diversified quad play business.

During his tenure, GO has embarked on a new and transformational strategic direction, executing major revamps of its product portfolio, enhancing cus- tomer experience, strengthening its brand and initiated significant strategic investments.

These have delivered major gains in key growth areas such as multiplay, mobile, TV and broadband and GO has consistently grown profitability, out-performing EU telecoms benchmarks.

At the same time, the strategic investments in Fibre to the Home and Fibre-connected 4G are delivering an unmatched capability that gives GO a significant, sustainable, competitive advantage for the future. All this was accomplished in parallel with an array of human resources initiatives which also led to significant improvements in employee satisfaction.

Under Mr. Michaelides’ leadership GO is now a much larger company both in terms of revenues and profitability, in particular following the strategic acquisition of a controlling stake in Cablenet in Cyprus, a game-changing development with far reaching implications for GO, which now also operates in a market which is double the size of its domestic one. Moreover, he oversaw the Group’s diversification into ICT related business services, with the strate- gic acquisition of a majority stake in Kinetix in Malta.

As a result of this, the Group has a more international dimension, a healthy and profitable business model, diversified income streams, a number of strong brands and a robust and successful strategy that will continue to deliver.

Mr Michaelides said: “GO is a fantastic brand, truly a great company with a dedicated and competent work force, some exciting plans and strong prospects. I am proud to have been part of this success story and wish all the GO team the very best for the future.”

Commented Nizar Bouguila, GO chairman: “Under Yiannos’ dynamic and focused leadership, GO has experienced a dramatic and fast paced evolution. His transformational initiatives and vision have delivered a stronger and larger GO, and a more vigorous financial performance. Yiannos has delivered exceptional value and has established the foundations for a promising future for the Group. We are, therefore, truly grateful to him for his positive contribution and wish him all the very best in his future endeavours.”