STC announces establishment of its advisory board
Saudi Telecom Co. (STC) has announced the establishment of an external advisory board.
The board is composed of senior executives across several industry sectors with significant experience and wide industry networks to support the execution of a key strategy which will transform the company into a leading digital player.
The members of STC’s advisory board include:
Christopher Rogers: He is the cofounder of Nextel Communications and formerly the senior vice president of M&A and investments at Sprint. He is currently a partner at Lumia Capital.
Roy Chestnutt: He is the executive vice president of corporate strategy for Verizon, a board member of GSMA, and chairman of Chief Strategy Officers Group (GSMA). He is also responsible for the development and implementation of Verizon’s overall corporate strategy, including business development, joint ventures, strategic investments, acquisitions and divestitures.
Matt Klainer: He is the senior director of communications products of global partnerships at Google. He leads partnerships for Google’s communications products, including RCS/Android Messages, Allo, Duo, Project Fi and emerging technologies like eSim.
Rolando Balsinde: He is the director emeritus of McKinsey & Co.
Abdullah Al-Abdalqader, chairman of the board of directors, STC, said: “The objective for the creation of this advisory board is to act as a sounding board, expand our expertise and increase our reach to other sectors and regions for potential opportunities for investment and partnerships across our target growth areas. This will help us strengthen and accelerate the execution of our strategy.”
He said: “The creation of the board is consistent with best international practices in telecoms and other industries, and is also a response to the significant and complex challenges that the telecommunications industry faces globally and regionally.”
He praised the Saudi leadership in this regard and said the board will help the company to become a leading global digital player and a key contributor toward the realization of Saudi Vision 2030.