HOT Mobile Appoints New CFO Following Major Acquisition
HOT Mobile has appointed Haran Levavot as Chief Financial and Business Development Officer following the company's recent 1.2 billion shekel sale. Levavot will lead financial operations and business development to implement the company's strategic plan under new ownership. His extensive experience in finance, economics, and telecommunications regulation is expected to drive growth and enhance the company's market position. The appointment is part of building a new senior management team.
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- Haran Levavot appointed Chief Financial and Business Development Officer at HOT Mobile.
- HOT Mobile was recently sold for 1.2 billion shekels to Dalia Israel, Keystone Fund, and Leumi Partners.
- Levavot's role includes financial management, business development, and implementing the company's strategic plan.
- He brings over 20 years of experience in finance, economics, and the Israeli telecommunications sector.
- The appointment is part of building a new senior management team for HOT Mobile.
HOT Mobile has appointed Haran Levavot as its new Chief Financial and Business Development Officer. This appointment comes as part of the company's efforts to build a new management team to implement its business plan under new ownership. The company was recently sold by Patrick Drahi to a consortium including Dalia Israel, Keystone Fund, and Leumi Partners for 1.2 billion shekels.
In his new role, Levavot will oversee the financial operations and business development activities of HOT Mobile. This includes managing finances, budgeting, financial planning, identifying business opportunities, and leading investment and development initiatives. He will be instrumental in executing the company's strategic plan, which focuses on strengthening the brand, enhancing customer experience, accelerating commercial activity, and maximizing the company's assets and infrastructure to solidify its market position and drive growth.
Levavot brings over 20 years of experience in senior public and business sector roles, with expertise in telecommunications, economics, finance, and regulation. His background includes leading economic reforms, managing significant financial systems and budgets, developing business strategies, and navigating complex processes in the Israeli telecommunications market. Previously, he served as Senior Deputy Director General for Economics at the Ministry of Communications from 2012 to 2017, where he led key industry initiatives such as the wholesale market reform and the allocation of fourth-generation mobile frequencies. He also held finance and regulatory positions at Xfone 018 and worked in the budget division of the Ministry of Finance and the Prime Minister's Office.
Dganit Kramer, CEO of HOT Mobile, stated that Levavot's addition is a significant step in building the leadership team for the coming years. She highlighted his extensive financial and managerial experience, coupled with his deep understanding of the telecommunications sector and its regulatory environment, as crucial for developing new business opportunities and driving growth.
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