Jacob Perry will be staying on as president of the Cellcom, the mobile phone company announced today, after the company failed to find a replacement for him.
Perry was to step down after failing to reach an agreement with the company on his employment terms. He remains at the request of Cellcom's managerial board.
Cellcom had combed the industry for months looking for a suitable replacement, to no avail.
Vice-president Oren Most will also be staying on. He had been expected to resign after Perry's departure in reported umbrage at not being promoted to the top seat.
Perry has led Cellcom for seven years, turning it into the only profitable cellular communications company in Israel.