Bezeq names acting CEO amid police probe involving Netanyahu aides

It remains undetermined how long Paz will serve in the position.

By
February 28, 2018 13:50
1 minute read.
Yaakov Paz named as acting CEO amid police probe involving Netanyahu aides

Yaakov Paz named as acting CEO amid police probe involving Netanyahu aides. (photo credit: COURTESY BEZEQ)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The board of directors at Bezeq, Israel’s largest telecom company, named an interim CEO on Wednesday to replace Stella Handler – who is under house arrest – as she is being investigated by the police in a corruption case surrounding Prime Minister Benjamin Netanyahu’s aides.

Yaakov Paz, 54, was appointed acting CEO at a special board meeting, taking up the role immediately. It remains undetermined how long Paz will serve in the position, a Bezeq representative told The Jerusalem Post.

Be the first to know - Join our Facebook page.


Paz is a vice president and head of Bezeq’s business division, who has worked at the company since 2007.

Prior to Bezeq, Paz served as CEO of DoubleU of the Clal Industries Group and as chairman of Alcatel Israel.

From 2002 to 2006 he worked as CEO of Alcatel Israel, and held previous positions at Nortel Networks.

Handler was arrested last week on suspicion of bribery, fraud, breach of trust and other securities offenses.

Handler was released from police custody on Monday, Reuters reported. A judge also ordered she be kept from the Bezeq premises for a month.



In what is dubbed Case 4000, or the Bezeq-media case, the prime minister is alleged to have ordered top aide Shlomo Filber – who he appointed as director-general of the Communications Ministry – to issue favorable rulings for Bezeq.

In exchange, Bezeq’s news site – Walla! – is accused of granting positive coverage to Netanyahu and his wife, with the prime minister’s aide Nir Hefetz managing the contact.

On the other side, owner of Walla! and controlling shareholder and former chairman of Bezeq, Shaul Elovitch, is said to have coordinated the coverage.

Elovitch – a friend of the prime minister – was arrested alongside Handler and other Bezeq officials. He has stepped down from the board, acquiescing to demands from shareholders amid the criminal probes.

In separate developments, a battle has been brewing for weeks over who will be appointed to Bezeq’s board of directors. Activist investor Elliot Advisors has publicly spoken out against names proposed by the Bezeq parent company, signaling a struggle over the firm’s direction.

Last month, Elliot Advisors demanded the immediate resignation of some members of Bezeq’s board, in a call for corporate governance reform.

Related Content

The International Criminal Court in The Hague
August 18, 2018
What does IDF closing Black Friday war crimes probe mean for ICC?

By YONAH JEREMY BOB