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Partner Communications Announces That Mr. Isaac Benbenisti has Notified the Board of Directors of His Intention to Resign from His Position as CEO of the Company

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Partner Communications Company Ltd. (NASDAQ: PTNR) announces that CEO Isaac Benbenisti intends to resign after nearly six years of leadership. The Board of Directors will form a nominating committee to search for a new CEO, with no defined end date for Benbenisti's departure. Chairman Osnat Ronen expressed gratitude for Benbenisti's contributions in transforming Partner into a comprehensive telecommunications provider. Benbenisti reflected on his tenure, citing successful milestones achieved during his leadership.

Positive
  • Isaac Benbenisti's leadership transformed Partner from a cellular company to a comprehensive telecommunications provider.
  • There may be potential for fresh ideas and strategies with new leadership.
Negative
  • Concerns about continuity and the impact of leadership transition on business operations.

ROSH HA'AYIN, Israel, April 5, 2021 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports, that Mr. Isaac Benbenisti, CEO of the Company, notified the Board of Directors of his intention to resign from the Company after nearly 6 years in office.

Partner Communications Logo

The Company's Board of Directors will appoint a nominating committee for a CEO. To date, the end date of Mr. Isaac Benbenisti's position as the Company's CEO has not yet been determined.

The Chairman of the Board of Directors, Ms. Osnat Ronen, thanked Mr. Isaac Benbenisti on behalf of the Board of Directors and expressed her gratitude and deep appreciation for his achievements and contribution to the Company, "I would like to thank Itzik for the six years in which he led Partner and with great talent transformed it from an excellent cellular company into a comprehensive telecommunications company. Knowing you, I know that you are always looking for the next challenge and I wish you on behalf of myself and the Company's Board of Directors great success".

Mr. Isaac Benbenisti noted: "These have been six wonderful years at Partner, full of exciting work and groundbreaking achievements. I am proud of the successes that we achieved together and now after I have completed the main goals that I set for myself, it is time to set out on a new path."

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

For more information about Partner see:

http://www.partner.co.il/en/Investors-Relations/lobby/

Contacts:

Mr. Tamir Amar

Chief Financial Officer

Tel: +972-54-781-4951

 

Mr. Amir Adar

Head of Investor Relations & Corporate Projects

Tel: +972-54-781-5051

Email: investors@partner.co.il



 

Cision View original content:http://www.prnewswire.com/news-releases/partner-communications-announces-that-mr-isaac-benbenisti-has-notified-the-board-of-directors-of-his-intention-to-resign-from-his-position-as-ceo-of-the-company-301261977.html

SOURCE Partner Communications Company Ltd.

FAQ

When did Isaac Benbenisti announce his resignation from Partner Communications?

Isaac Benbenisti announced his intention to resign on April 5, 2021.

What position did Isaac Benbenisti hold at Partner Communications?

He served as the Chief Executive Officer (CEO) of Partner Communications.

What is the impact of Isaac Benbenisti's resignation on Partner Communications?

The resignation may affect continuity and strategy implementation during the transition to new leadership.

Who will replace Isaac Benbenisti as CEO of Partner Communications?

The Board of Directors will appoint a nominating committee to search for a new CEO.

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