The Board of Directors at GO plc met for the first time yesterday following the recent announcement that Yiannos Michaelides, currently Chief Commercial Officer, will be assuming the role of Company Chief Executive Officer as of September 7, 2012. Over the coming weeks, Mr Michaelides will also be occupying the post of Deputy CEO.

Whilst welcoming Mr Michaelides in his new role, the meeting also provided an opportunity for the Board to thank outgoing CEO David Kay for his work over the past six years. During this period GO has successfully expanded its range of products from fixed line and mobile telephony to also become a leading provider of TV and internet services.

Mr Michaelides said, “It is indeed a great honour for me to be taking on this leadership role in such a dynamic and customer driven business as GO. David has done a fantastic job, not always in the easiest of circumstances, to make GO Malta’s leading quad play communications brand. My challenge is clearly to keep up the momentum and help GO maintain its position through ongoing investment in our networks and product offerings and by ensuring that our customers remain at the heart of everything we do.”

Mr Kay said, “I would like to thank all the staff at GO who have put in a great effort over the past six years to make GO such a success. I have thoroughly enjoyed my time in Malta and wish Yiannos and the rest of the team all the very best for the future.”

Deepak Padmanabhan, Chairman at GO plc, said, “On behalf of everyone at GO I would like to thank David for his dedication and leadership and wish him all the best for the future. I would also like to congratulate Yiannos on his well-deserved appointment. He has some big shoes to fill but I have every confidence that he will guide our Company to continued success.”

Prior to joining GO, Mr Michaelides was Senior Executive at Emirates International Telecommunications Limited (EITL), GO’s main shareholder, with responsibilities which included portfolio management and value creation at EITL portfolio companies. Before joining EITL he was Vice President of Strategic Marketing at du, the new integrated telecoms operator in the UAE. Prior to du he held a variety of senior marketing and managerial positions with leading telecommunication businesses in North America, Europe, the Middle East and Africa.

Mr Michaelides holds a B.Eng (Honours), M.Eng from McGill University (Montreal, Canada) and an M.B.A. with distinction from Warwick Business School (UK).