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2011-09-26 09:10:26 CEST 2011-09-26 09:11:24 CEST REGULATED INFORMATION Tectia Oyj - Changes board/management/auditorsTECTIA CHANGES CEO - TATU YLÖNEN THE NEW CEO OF TECTIA CORPORATIONHelsinki, Finland, 2011-09-26 09:10 CEST (GLOBE NEWSWIRE) -- TECTIA CORPORATION STOCK EXCHANGE RELEASE SEPTEMBER 26, 2011 AT 10:10 A.M TECTIA CHANGES CEO - TATU YLÖNEN THE NEW CEO OF TECTIA CORPORATION Tectia's board has nominated Tatu Ylönen, LicSc (Tech) (43) as the new CEO from September 26, 2011 on. Ylönen continues acting as member of board of directors. Ylönen owns 45.45% of Tectia Corporation's share capital. Tatu Ylönen is long term entrepreneur and establisher of several companies such as SSH (currently Tectia). Tatu Ylönen has developed over 20 international patents related to modern telecom and internet security standards, and he invented the secure shell (SSH) protocol which has become a pervasive in network data security, used for example in real-time payment transactions. “Tectia's board is pleased to see Tatu Ylönen return to operative accountability. Tatu Ylönen's invincible technical knowledge combined with customer-oriented approach increases Tectia's competitive edge acting as the data security guard for large enterprises and government agencies. We are convinced that his skills in strategic management, staff motivation and leadership will increase Tectia's cash flow through this development phase of the company,” says Juho Lipsanen, chairman of board. “Tectia focuses on serving large corporations' data technology infrastructure while the boarders of corporations' networks are diffused due to virtualization of services. The company provides technically high-quality solutions to the world's most demanding customers. My task is to combine the technological knowledge and new innovations to marketing,” says Tatu Ylönen. The board has nominated Mikko Karvinen, CFO, MSc (Econ), as the deputy CEO and CFO from September 26, 2011 on. Karvinen will be responsible for the whole administration and investor relations. The current CEO, Jari Mielonen, resigns from Tectia. Jari Mielonen is entitles to a severance pay according to his contract. “We thank Jari Mielonen who has enlargened Tectia's strategy to mobile security and has taken the first steps towards cloud services and guided the company's distribution strategy into channel model. Tectia's old core business has become solid and the investments are targeted to growth areas,“ says Juho Lipsanen, chairman of the board of directors. Helsinki, September 26th 2011 TECTIA CORPORATION Board of Directors For further information, please contact: Juho Lipsanen, Chairman. tel. +358 20 500 7000 Tatu Ylönen, CEO. tel. +358 20 500 7000 Mikko Karvinen, Deputy CEO. Tel +358 50 326 4101 Distribution: NASDAQ OMX Helsinki Ltd. Major media www.tectia.com |
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