BREAKING NEWS: Yog Mahadeo Resigns as GT&T Chief Executive Officer
by Gordon Moseley
The Chief Executive Officer of the Guyana Telephone and Telegraph Company, Yog Mahdeo has tendered his resignation to the board of Guyana’s largest telecommunications network. News of Mahadeo’s resignation came on the same day that he was elected as the Chairman of Guyana’s Private Sector Commission and at a time when the company is under a special audit that was ordered by its Parent Company, Atlantic Tele Network.
Just last Friday Mahadeo said that the audit was ongoing and that no financial irregularities were discovered, However reports state that the audit unearthed a number of problems with how the company was doing business and not enough monitoring of its systems taking place.
Two weeks ago in an interview with Capitol News, Mahadeo was upbeat about his job and the position of the company saying that the company was in a strong financial position and was seeing increases in the number of subscribers to its various services. On the audit, he said the company would be dealing with the findings the best way it sees fit. Yog Mahadeo was appointed CEO of GT&T back in 2010 after serving as the company’s Chief Financial Officer. Over the past two years under his watch, the company has spent hundreds of millions of dollars on promotions and the sponsoring of various shows. Mahadeo insisted on several occasions that it was the company’s way of giving back although he agreed that the company was not seeing any big returns on the massive investments. It’s unclear who will now take charge of the telephone company but multiple sources are reporting that Former CEO Sonita Jagan could be headed back to the top spot.
Four Senior GT&T Finance Officials were sent on leave when the audit began. Their faith and future with the company are unknown. GT&T is expected to make an official announcement about Mahadeo’s departure on Friday.