Bahraini phone company Batelco has replaced its chief executive with a member of the Gulf island nation's royal family. The company on Sunday named Sheik Mohammed bin Isa Al Khalifa as its group CEO.
He replaces Peter Kaliaropoulos, who was appointed to the new position of chief executive for strategic assignments. That will make him responsible for the firm's joint ventures. Batelco's board is already chaired by another member of the king's family, Sheik Hamad Bin Abdulla Al Khalifa.