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2011-03-21 09:00:34 CET 2011-03-21 09:01:59 CET REGULATED INFORMATION Comptel - Company AnnouncementComptel renews its organisation and the Executive BoardComptel Corporation Stock exchange release, 21 March 2011 at 10.00 am Comptel renews its organisation and the Executive Board In order to execute its growth strategy, Comptel Corporation will adjust its operating structure as of 1 April 2011. The current business area Europe will be divided into two regions: Europe West and Europe East. This move allows Comptel to focus its efforts on new growth areas especially in Russia and Eurasia, while maintaining actively its large customer accounts in Western Europe. Mr Timo Koistinen, SVP for region Europe, is appointed as Senior Vice President for the region Europe East. Mr Mauro Carobene is appointed as Senior Vice President for the region Europe West as of 28 April 2011 and he will be based in Milan. Mr Carobene will join Comptel from Nokia Siemens Networks where he most recently has been responsible for OSS Consulting and Systems Integration business globally. The new business segment division will take effect as of 1 July 2011, before which a detailed execution will be planned. As of 1 July 2011, Comptel Group will have the following five reportable business segments: Europe West, Europe East, Asia-Pacific, Middle East and Africa, Americas. Comptel will establish a new unit called Global Services to develop services business and manage service products. Global Services will also be responsible for consulting and IT architecture and for the global delivery operations as well as support and maintenance. The new unit will provide a global platform for centralised operations while the operational responsibility will remain in the business areas. Further, a new unit for Corporate Development will be formed by combining Strategic Planning, Legal, Investor Relations and Communications, Strategic Marketing, and IT. Mr Simo Sääskilahti, SVP of Products and Solutions, is appointed as Senior Vice President of Corporate Development. CEO Juhani Hintikka will be the acting Head of Products and Solutions for the time being. ”Comptel is investing for growth. With the renewed operating structure, we are strengthening our presence in the growth markets and focusing major efforts on developing services business”, says Mr Juhani Hintikka, President and CEO of Comptel. Following the changes in the operating structure, the members of Comptel Executive Board are CEO Juhani Hintikka, the business area leaders Mr Mauro Carobene (Europe West), Mr Timo Koistinen (Europe East), Mr Mika Korpinen (Asia-Pacific), Mr Youssef Kermoury (Middle East and Africa) and Mr Diego Becker (Latin America and Caribbean), Mr Gareth Senior (CTO), Mr Mikko Hytönen (CFO), Ms Niina Pesonen responsible for HR, and Mr Simo Sääskilahti responsible for Corporate Development and Deputy CEO. The respective Heads of Products and Solutions, Global Services, and Alliances will also be members in the Executive Board once these positions are filled. Mr Brad Niven is the acting Head of Alliances and partnerships. COMPTEL CORPORATION Juhani Hintikka President and CEO For further information, please contact: Mr Juhani Hintikka, tel. +358 9 700 1131 Distribution: NASDAQ OMX Helsinki Major media Comptel Dynamic OSS solutions enable telecom service providers to deliver services flexibly and charge them effectively. Comptel's wide expertise in service fulfillment, policy control, mediation and charging empowers our customers to focus on delivering innovative services. Comptel has provided software solutions to 280 service providers with 800 million subscribers in 85 countries. The Group has about 600 employees worldwide, and net sales were EUR 78 million in 2010. www.comptel.com |
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