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Wael Fakharany leaves Careem Egypt after 6 months

Wael Fakhrany left Careem Egypt after 6 months of leading the company as a Managing Director.

Careem has appointed Ramy Kato, Head of Egypt Operations to fill Fakharany’s responsibilities alongside his current position. – Reported Borsa News

Fakharany left Google after nine years of leadership positions in Egypt and MEA.

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Why Did Wael Fakharany Leave Careem?

In a press release; Careem explained the reason why Fakharany left Careem saying “There are times when a great mind in a great role at a great business does not necessarily make a great fit, and as such, effective March 1st, Rami Kato has assumed the position of Managing Director of Careem Egypt. With our new management at the helm, we are excited about our future in Egypt.”

On the other side, Wael Fakharany posted a tweet Monday morning in response to Careem’s press release, stating that he didn’t resign but was fired in a humiliating way, i feel oppressed but i’m sure that i’ll claim my right.

Kato comes to Careem with 21 years of experience in operations, care, general management and business development. He has worked in various industries, from the energy sector where he worked with Exxon-Mobile to the telecommunications industry, where he spent most of his career working with Vodafone and Orascom Telecom.

Ramy Kato of Careem
Ramy Kato / Careem

He also participated in the launch of ‘Djezzy’ where he built the first call center in Algeria. Before joining Careem, Ramy was the CEO of Xceed, where he took the company from just 3000 employees to 7000. He holds a B.A in economics from the American University in Cairo and an E.M.B.A. from the University of E.S.C Rennes in France.

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11 Comments

  1. Careem should change the trips rates to be able to compete.
    Use the promotional tools and focus on the cost leadership competitive way.
    You have to penetrate market
    Work the same as huawei penetrate Egypt’s market.

    1. The reason as Careem explained can be found in the article. Here’s the full paragraph “Why Did Wael Fakharany Leave Careem?

      In a press release; Careem explained the reason why Fakharany left Careem saying “There are times when a great mind in a great role at a great business does not necessarily make a great fit, and as such, effective March 1st, Rami Kato has assumed the position of Managing Director of Careem Egypt. With our new management at the helm, we are excited about our future in Egypt.”

      On the other side, Wael Fakharany posted a tweet Monday morning in response to Careem’s press release, stating that he didn’t resign but was fired in a humiliating way, i feel oppressed but i’m sure that i’ll claim my right.”

      Best

      1. Please report to us if still having troubles viewing the full article. The article was updated with “why did Wael leave?” part after an hour from publishing, that part wasn’t there in the beginning from we assume you’re cached.

  2. So, I pointed you to the tweet that he said he got fired, you updated the post, and approved more recent comments but not the one with the link. Not cool.

    You’d look much cooler if you approved it, and even better with a little reply like “Thank you. We updated the post to reflect that”. Just saying 😉

    1. Apologies for that. Was unintentionally – we thank you so much for trying to help us catch the updates. Really appreciated and we’re more than happy to see your comments all the time.

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