Dr. Khaireel Mohamed named CEO of NTS Retail
Leonding, October 4th 2024: Effective from October 1st, 2024, former CTO Dr. Khaireel Mohamed has been appointed CEO of NTS Retail. This change in top management signifies the company’s strong commitment to a technology-driven leadership approach, aligning with the vision to provide telecom operators with an ideal platform for running their retail businesses.
This shift comes as the industry moves toward more open standards on the BSS side of the stack, with global brands increasingly embracing open APIs and a collaborative culture among vendors with strong domain expertise.
Former CEO Günther Schrammel, who held the role for 27 years, said, “We have seen the industry shift quite substantially in the last decade. The role of retail in the value creation chain of operators is transforming along with their business. We adapted our platform over the years to provide meaningful help in the process. Khaireel played an integral role in this journey, and there is no one better suited to assume the CEO role at this time. I am thrilled that Khaireel has agreed to take the helm and lead NTS Retail into this new chapter.”
The mastermind behind NTS commerce platform
Originally from Singapore, Dr. Khaireel Mohamed has been leading NTS Retail’s product transition for over a decade. A trained mathematician, he joined the team as a Software Engineer and steadily rose through the ranks, eventually being named CTO in 2021. He quickly earned the company's trust with his methodical approach and dedication to improving platform efficiency and equipping it for modern cloud operations. To our industry audience, he is a well-known figure, having represented NTS Retail at industry panel discussions and holding presentations at prestigious events such as TM Forum’s DTW Ignite.
“It is a great honor to serve as CEO of NTS Retail. I am very thankful to Günther, my teams and everyone who has supported my personal journey within the company. There are so many brilliant minds at work here, and I am confident that, together, we can continue to build this outstanding, inherently international success story.”, Khaireel said.
“The task ahead commands a great deal of respect, as I get to continue the legacy built by Günther and his father Dieter, who have forged an internationally recognized brand in the industry, basically out of their garage. It is a magnificent and humbling story, and I am very proud to now be able to continue this journey.”, the newly minted CEO explained.
Transitioning into the Compax family
This leadership change follows NTS Retail’s recent acquisition by CompaxDigital Holding. With the new partnership in place, the company can now serve its customers even better, drawing upon the extensive experience at CompaxDigital in the BSS/OSS space.
“The two companies share a similar DNA. Both are Austrian companies working for giant international brands and employing a highly international workforce. Another similarity lies in the engineering spirit that’s embodied by both organizations: We are engineers at heart, living to solve complex issues by coming up with effective solutions. I believe we are cut from the same cloth, and I am confident this will make for a fantastic partnership looking forward.”, Khaireel explained.
Under new ownership and with the change in leadership, the NTS Retail brand will remain as the company is looking to fortify its role as a leading retail software provider in the industry.
