Latest news with #Benchaaboun
Ya Biladi
26-02-2025
- Business
- Ya Biladi
Mohamed Benchaaboun : Navigating finance, politics, and telecommunications
On February 25, 2025, Maroc Telecom's Supervisory Board appointed Mohamed Benchaaboun as Chairman of the Management Board for a two-year term. He succeeds Abdeslam Ahizoune, who led the company for 27 years. Who is Mohamed Benchaaboun? Born on November 12, 1961, in Casablanca, Benchaaboun graduated from the École Nationale Supérieure des Télécommunications in Paris. He started his career at Alcatel-Alsthom in Morocco, where he held key roles in strategy, development, management control, and later as industrial director. Career in the Public and Financial Sectors In 1996, he was appointed director at the Customs and Indirect Taxes Administration, where he managed major projects for the Ministry of Economy and Finance. Three years later, he joined Banque Centrale Populaire (BCP) as Deputy General Manager, overseeing shared services and later the bank's development. In 2003, he was appointed Director General of the National Telecommunications Regulatory Agency (ANRT), a role he held until 2008. He then became Chairman and CEO of BCP, where he played a major role in modernizing and expanding the bank. Government and Diplomacy In 2018, Benchaaboun was appointed Minister of Economy and Finance, a position he held until 2021. Later that year, he became Morocco's ambassador to France, where he worked on strengthening diplomatic and economic ties between the two countries. Return to Business Leadership In 2022, he was named Director General of the Mohammed VI Investment Fund, a key institution driving economic growth in Morocco. His appointment as Chairman of Maroc Telecom marks another milestone in his career, where his experience will be essential for the company's strategic development. Honors and Contributions Benchaaboun is a member of the Economic, Social, and Environmental Council and serves on the boards of various foundations, including the Mohammed V Foundation for Solidarity and the Mohammed VI Foundation for Environmental Protection. In 2010, he was awarded the Wissam Al-Arch by King Mohammed VI in recognition of his contributions to Morocco's economic and social progress.
Ya Biladi
26-02-2025
- Business
- Ya Biladi
Mohamed Benchaaboun appointed new chairman of Maroc Telecom
Maroc Telecom's Supervisory Board has appointed Mohamed Benchaaboun as the new Chairman of the Management Board, replacing Abdeslam Ahizoune, who has held the position for nearly three decades. Benchaaboun will serve a two-year term, effective March 1, 2025, until March 1, 2027. The appointment marks a significant leadership shift for the telecom giant, with Benchaaboun expected to play a key role in shaping the group's strategic direction, according to a press release from Maroc Telecom. The board expressed its appreciation for Ahizoune's leadership, highlighting his contributions to the company's growth and its expansion across Africa. Over his 27-year tenure, Ahizoune played a crucial role in strengthening Maroc Telecom's position in the sector, the release stated. Alongside Benchaaboun's appointment, the board also renewed the terms of Management Board members Brahim Boudaoud, Hassan Rachad, François Vitte, and Abdelkader Maamar for an additional two years, extending their mandates until 2027. Benchaaboun is a Moroccan banker, politician, and diplomat with a distinguished career spanning finance, governance, and diplomacy. He began his career at Alcatel-Alsthom before holding key public-sector roles, including Director of the Customs and Indirect Tax Administration and head of Morocco's National Telecommunications Regulatory Agency. From 2008 to 2018, he served as President and CEO of Banque Centrale Populaire before being appointed Morocco's Minister of Economy, Finance, and Administration Reform (2018–2021). In 2022, he was named Morocco's Ambassador to France, and a year later, he was appointed Director General of the Mohammed VI Investment Fund, overseeing strategic investments in Morocco's economy.
Morocco World
25-02-2025
- Business
- Morocco World
Maroc Telecom: Mohamed Benchaaboun Succeeds Abdeslam Ahizoune as CEO
Doha – The supervisory board of Maroc Telecom (Itissalat Al-Maghrib, IAM) has appointed Mohamed Benchaaboun as the new Chairman of the Executive Board, replacing Abdeslam Ahizoune, whose term has expired after 27 years at the helm of the historic operator. The decision was made during a supervisory board meeting held today and chaired by Finance Minister Nadia Fettah. Benchaaboun's appointment is for a two-year term, until March 1, 2027. 'The Supervisory Board noted the expiration of the mandates of the members of the Executive Board on March 1, 2025, and decided to appoint Mr. Mohamed Benchaaboun as Chairman of the Executive Board for a term of two years, until March 1, 2027, replacing Mr. Abdeslam Ahizoune,' Maroc Telecom asserted in a statement. The company stressed that this appointment 'will play a decisive role in the overall strategic development of Maroc Telecom Group's activities.' The board expressed its gratitude to Ahizoune 'for his exceptional contributions to the Group's growth over the past 27 years,' and affirmed that 'his decisive leadership played a key role in the pan-African expansion of the Maroc Telecom Group.' Benchaaboun joins Maroc Telecom after serving as Director General of the Mohammed VI Investment Fund, a position he has held since October 2022. His extensive career includes roles as Morocco's Ambassador to France, Minister of Economy and Finance, CEO of Banque Populaire Group, and notably, head of the National Telecommunications Regulatory Agency (ANRT). This leadership change comes at a significant moment for Maroc Telecom. The company is currently embroiled in a legal dispute with competitor INWI, which obtained a court decision compelling Maroc Telecom to pay MAD 6.4 billion ($640 million) in damages due to a five-year-old litigation. Maroc Telecom contested this decision in the Casablanca court, but its appeal was rejected, making the payment mandatory. According to well-informed sources cited by converging reports, Emirati investors, who were also dissatisfied with the relationship with INWI, had supposedly exerted pressure following a dispute with Maroc Telecom. As a result, several Emirati investments intended for Morocco were reportedly frozen as a retaliatory measure. Benchaaboun's appointment is viewed as an attempt to ease this crisis. Sources disclosed that his arrival should help unblock Emirati investments and lead to a settlement of the dispute involving the Moroccan operator. The board also decided to renew the mandates of the other members of the Executive Board for an additional two-year term, until March 1, 2027, namely Brahim Boudaoud, Hassan Rachad, François Vitte, and Abdelkader Maamar. Despite these challenges, Maroc Telecom reported 'solid' operational and financial performance for 2024. As of December, the Maroc Telecom group had 79.3 million customers, an increase of 4.5% year-on-year, driven mainly by the Moov Africa subsidiaries (+8.1%). The group generated revenue of MAD 36.7 billion (3.67 billion) in 2024, up 1.2% from 2023. The end of Ahizoune's reign: A new dawn for Moroccan telecommunications Ahizoune's departure marks the end of an era for the telecommunications sector in Morocco. Often described as a divisive figure in the Moroccan business landscape, he leaves behind a mixed legacy, marked by recurring anti-competitive practices. Critics contended that these practices were damaging to both the image and finances of the historic operator, as well as to the growth of the telecommunications sector in Morocco. The departing chairman has also come under fire in his role as President of the Royal Moroccan Athletics Federation, a position he has held since December 2006. In August 2024, Ahizoune allegedly used Maroc Telecom's advertising power to pressure media outlets that criticized the disappointing performance of Moroccan athletes at the Paris Olympics. As Morocco prepares to host major continental and global events, industry observers have pointed out that it was time for the telecommunications sector to turn toward a brighter future for Moroccans and move past the conflicts that have considerably slowed the development of telecommunications and new technologies in the country. Benchaaboun's appointment has been received as a judicious choice given the numerous qualities of the former Minister of Economy and Finance, who is known to be a man of dialogue, consensus, and innovation. It remains to be seen how the new CEO will handle this delicate situation, as Maroc Telecom faces strong competition and an increasingly demanding regulatory environment. Tags: Abdeslam AhizouneMaroc TelecomMohamed Benchaaboun
