M1 names new CEO as Karen Kooi steps down

Telco M1 has named a new CEO as Karen Kooi (pictured) steps down in December after 23 years with the group. She will be succeeded by telco veteran Manjot Singh Mann. Mann brings with him over 28 years of well-rounded operational leadership experience across diverse geographical markets and a unique blend of insights and perspectives in the rapidly evolving telecommunications industry.

Mann will join M1 on 6 December 2018 from Pareteum Asia where he was appointed CEO to expand NASDAQ-listed Pareteum Corporation’s footprint in Asia. Pareteum is a leading cloud software platform company, which targets and enables new and growing sectors from IoT (Internet of Things), data analytics to smart cities and application-developer markets.

He was also previously global CEO (Communications and Convergence) of Lebara Mobile (UK), a large pan-European mobile virtual network operator, which was acquired by a Swiss-based equity group in 2017. As a former CEO of Hutchison Telecommunications in Jakarta, he drove revenue and profitability growth and was responsible for a sizeable uplift in market share, against heavy and entrenched competition in Indonesia.

“Kooi, a long-standing and experienced stalwart of M1, has served M1 with distinction in the last 23 years. Under her leadership, M1 has grown and transformed from a pure mobile communications player to a full-service provider. During her tenure as CEO, M1’s fixed services revenue grew steadily, achieving double-digit growth in the last five years. And in more recent times, Kooi has overseen M1’s acceleration into the ICT business and the strengthening of its product offerings to capture new opportunities in the digital economy,” Danny Teoh, chairman of M1, said.

Tan added that the M1 Board is confident that Mann is well-suited to lead M1 in this increasingly competitive landscape, with his global perspective for future growth and unique multi-dimensional view of the industry, having managed an operator in a highly competitive market and led an MVNO across Europe, and more recently, as a leader in an industry helping connect consumers and devices across geographies with the development of products and solutions that promote open mobility.

"Mann has embedded innovation and digital strategies successfully into operations led by him. He is also noted for execution excellence, a caring leadership, satisfied customers and highly energised and motivated employees. The Board is delighted to welcome Manjot to the M1 group and we look forward to working with him,” said Teoh.

“It has been my privilege and honour to witness and build on M1’s growth since its early beginnings, together with a capable and dedicated management team. I would not have accomplished as much without the team. After having spent 23 years with the Company, it is time for me to hand over the mantle. M1 is well-positioned for the next phase of growth and I am committed to working closely with the Board and Mann to ensure a smooth transition,” Kooi said.