Dennelind was previously CEO of Stockholm-based Telia Co. after having worked with Telenor ASA and DiGi in Malaysia, according to a statement. Sultan, the founding CEO of Du, stepped down after almost 14 years of leading the company, which is also known as Emirates Integrated Telecommunications Co.
Dennelind stepped down from Telia this year after six years at the helm. During his tenure, Dennelind steered Telia away from the complex holdings it had in Central Asia, some of which were dogged by corruption concerns.In July, Emirates Integrated Telecommunications Company reported a 11.3 percent increase in net profit after royalty to AED913 million ($248.5 million) for the first half of 2019.
Half year revenues totalled AED6.33 billion for the same period.Revenues were impacted by industry wide challenges, particularly the continued pressure on voice revenues, while the company's total mobile subscriber number declined by nearly 9 percent due to the continued clean-up of its prepaid base.