Israeli telco Bezeq has seen its CEO depart as the parent company issued a profits warning.

Stella Handler has been running Bezeq, which includes the company’s YES TV pay-TV division, since April 2013 and will leave the company on July 1^st.

But as is often the case in Israeli politics, it may not be the profits warning that has prompted her departure. Handler was arrested in February as part of a widespread Israeli criminal investigation into alleged influence by some people close to Prime Minister Netanyahu. She was released from house arrest on February 28^th with Bezeq appointing an acting CEO in the interim.

Bezeq’s majority shareholder Shaul Elovitch – who also holds a stake in Spacecom, the operator of the commercial AMOS fleet of satellites – is also reported to be under investigation over alleged ties to the prime minister.

Categories: Articles, Business, People, Telco