Israel's HOT cable chief steps down, to help develop Altice business
Hertzel Ozer has been company CEO for five years, will stay on as HOT chairman.
Hertzel Ozer, the chief executive of Israeli cable operator HOT, has stepped down and will be replaced by Zachi Ilan on March 1, the company said Tuesday.
Ilan is currently the CEO of HOT's mobile phone unit.
Ozer has been CEO of HOT, owned by French cable group Altice, for the past five years. He also is HOT's chairman and will remain in that post.
Patrick Drahi, founder of Altice, said he has asked Ozer to help develop Altice's business.
"In the past five years HOT has changed from end to end and has gone from being the fourth-largest telecoms company to the second-largest in Israel and is part of an international telecoms group," Ozer said.
HOT, which offers TV and Internet services as well as fixed-line and mobile phone services, mainly competes with Bezeq Israel Telecom - Israel's largest telecoms firm.
