Feb 28 (Reuters) - Belgian telecoms group Proximus
said on Friday it will consider internal and external
candidates for its next CEO and that interim leadership will be
decided by the board soon.
Earlier this month, current head Guillaume Boutin
unexpectedly announced his departure to join Vodafone ( VOD )
and lead its investments and strategy arm.
The former phone monopoly, majority-owned by the Belgian
government, also posted upbeat earnings that lifted its shares
5% in early trade.
It had 10% growth in quarterly group revenue, slightly above
expectations, and also met its target of bringing back annual
core profit to 2022 levels.
Proximus is in the final stages of a three-year strategy
plan to boost domestic growth and fibre rollout - one that has
come at much expense.
It has also been on the back foot with its shares trading at
record lows after Romanian firm Digi ( DGII ) recently entered its home
market with mobile plans that cost about one-third less than
Proximus while offering more data.
"While we acknowledge the headwinds linked to the new
market structure, we consider ourselves very well positioned to
compete thanks to the investments in our networks, brands,
convergent offers and customer satisfaction," Boutin said in an
earnings statement.
Proximus racked up "strong mobile wins" in the fourth
quarter of 2024 despite competition from Digi ( DGII ), said KBC
Securities analyst Michiel Declerq.
The Belgian telecoms provider sees group earnings before
interest taxes depreciation and amortization (EBITDA) rising
around 2% in 2025.
Boutin had been heavily criticised for Proximus's strategies
and share slump, particularly by N-VA, the right-wing party of
new Belgian Prime Minister Bart De Wever.
It is unlikely that the CEO nomination process will end
before Boutin leaves on May 15, the company said.