Teleste - Changes board/management/auditors

TELESTE CORPORATION: CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND THE MANAGEMENT TEAM

TELESTE CORPORATION   STOCK EXCHANGE RELEASE   24.11.2016 AT 9:30



TELESTE CORPORATION: CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND
THE MANAGEMENT TEAM 



Mr. Esa Harju (M.Sc. Eng) has been appointed a member of the Management Team of
Teleste Corporation as of 1 December 2016, assuming the responsibility for the
Video Security and Information Solutions Business Unit. Due to the appointment,
he has handed in his resignation from the Board of Directors of Teleste
Corporation. 

Deputy CEO Mr. Johan Slotte (LL.M., EMBA) will continue as a member of the
Management Team, taking over the position of regional director covering all
Teleste’s operations in Germany, Austria and Switzerland (DACH). In this
position he will support and develop the activities of all Teleste’s business
areas in this region. In addition, Johan Slotte will continue to head the
corporate business development and legal affairs. 

Teleste is an international technology company that develops and offers video
and broadband technologies and related services. Our supply of technology
contributes to the convenience and safety of daily living. Our core business is
video - video and data processing, transfer and management. Our customer base
consists of cable and telecom operators, as well as public sector
organizations. Our business is divided into two divisions, which are Video and
Broadband Solutions and Network Services. In both areas, we rank among the
world's leading companies and technological forerunners. Video and Broadband
Solutions focuses on access networks and video security and information
solutions. Network Services offers comprehensive services for access network
design, construction and maintenance. In 2015, Teleste's net sales totaled EUR
248 million, and the company employed about 1,500 people. Teleste runs a
worldwide network of offices and more than 95 % of its sales are generated
outside Finland. The company is listed on the Nasdaq Helsinki. For more
information see www.teleste.com 


TELESTE CORPORATION

Jukka Rinnevaara
President and CEO



ADDITIONAL INFORMATION:
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com