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Altice USA (NYSE: ATUS) announces the resignation of Chief Operating Officer Hakim Boubazine. CEO Dexter Goei will take over direct responsibilities in the Telecommunications division immediately. Boubazine will remain with the company as Senior Advisor until December 31, 2021. This restructuring aims to enhance management decision-making and accelerate growth initiatives. Goei expressed gratitude for Boubazine's contributions over six years and confidence in the management team's future success.
Positive
New management structure aimed at accelerating growth initiatives.
Experienced senior management team retained under CEO Goei.
Negative
Resignation of COO may raise concerns about continuity in leadership.
NEW YORK--(BUSINESS WIRE)--
Altice USA (NYSE: ATUS) today announces that Hakim Boubazine, Chief Operating Officer and President of Telecommunications, has resigned from the Company. Altice USA Chief Executive Officer Dexter Goei will assume direct responsibilities for the Telecommunications division, effective immediately. Mr. Boubazine will serve as Senior Advisor to the CEO until December 31, 2021.
Altice USA notes that it has an experienced senior Telecommunications management team in place who will now report directly to Mr. Goei. This new management structure is designed to accelerate the Company’s growth initiatives and enhance the day-to-day management decision-making processes.
Mr. Goei commented: “It has been a pleasure to work with Hakim, and I want to thank him for the critical role he has played over the last six years at Altice USA. We appreciate the time he will serve as a senior advisor and wish him much success in his future endeavors.”
Added Mr. Boubazine: “Working at Altice USA has been one of the most rewarding experiences in my career, and I could not be prouder of what we accomplished together. I am grateful for the opportunity to serve such an innovative, entrepreneurial, and inclusive organization, and I want to thank Patrick Drahi and Dexter for their trust over the years. I have the utmost confidence in the entire Altice USA management team for achieving future success.”
About Altice USA
Altice USA is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to more than 5 million residential and business customers across 21 states through its Optimum and Suddenlink brands. The company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks.
