PARTNER COMMUNICATIONS ANNOUNCES THE RESIGNATION OF THE CHAIRPERSON OF THE BOARD OF DIRECTORS

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announced the resignation of its Chairperson, Ms. Osnat Ronen, effective at the next annual general meeting. Ronen, who has served on the board for over a decade and as Chairperson for more than two years, highlighted the company's transition from a cellular operator to a comprehensive telecommunications provider. Under her leadership, Partner has made significant infrastructure investments, resulting in a strong balance sheet and continued profitability in both cellular and fixed-line services.

Positive

• Successful transition from a cellular operator to a comprehensive telecommunications provider.
• Significant infrastructure investments leading to profitability and a strong balance sheet.

Negative

• Management change raises concerns about continuity in leadership.

ROSH HA'AYIN, Israel, April 12, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announces that Ms. Osnat Ronen, Chairperson of the Company's Board of Directors, has notified the Company of her resignation from her position as Chairperson of the Company's Board of Directors which will become effective on the date of the convening of the next general annual meeting.

 

 

The Chairperson of the Company's Board of Directors, Ms. Osnat Ronen commented: "Today, after more than a decade on the Company's Board of Directors, including over two years as Chairperson, I notified Partner's Board of of the end of my tenure.

Partner is a leading telecommunication group, and I am proud of the privilege I was granted to serve as its Chairperson.

During the last two years, Partner has accelerated its infrastructure investments and as a result, has transformed from a cellular company to a leading telecommunications group that provides a broad range of telecommunication services, both in the cellular as well as the fixed-line markets.

I am proud to leave the shareholders with a profitable and growing company, with a strong balance sheet and broad infrastructures in its two core businesses, cellular and fixed-line/fiber.

I would like to thank all of the members of Partner's Board of Directors that have been my partners and led the Company with me. I would like to thank the Company's management led by Mr. Avi Zvi for the successful path we shared. Finally, I would like to thank all of the Company's employees and wish them and the new controlling shareholders that are joining the Company much success together.

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:

Tamir Amar Deputy CEO & Chief Financial Officer Tel: +972 (54) 781 4951

Amir Adar Head of Investor Relations & Corporate Projects Tel: +972 (54) 781 5051 E-mail: investors@partner.co.il

 

Logo - https://mma.prnewswire.com/media/1334689/Partner_Communications_Logo.jpg

 

 

 

View original content:https://www.prnewswire.com/news-releases/partner-communications-announces-the-resignation-of-the-chairperson-of-the-board-of-directors-301523676.html

SOURCE Partner Communications Company Ltd.

FAQ

What is the reason for Osnat Ronen's resignation from Partner Communications?

Osnat Ronen notified the company of her resignation after over a decade on the Board, including more than two years as Chairperson.

When will the resignation of the Chairperson of Partner Communications become effective?

The resignation of Osnat Ronen will become effective at the next general annual meeting.

What has been the impact of Osnat Ronen's leadership on Partner Communications?

Under her leadership, Partner has transitioned to a leading telecommunications group with significant infrastructure investments, leading to profitability.

How does the management change at Partner Communications affect its future strategy?

The change in leadership may raise concerns about continuity and strategic direction as new leadership steps in.