TELESTE CORPORATION STOCK EXCHANGE RELEASE 15.6.2007 AT 10.00
CHANGES IN TELESTE CORPORATION'S MANAGEMENT
To ensure the continued growth of Teleste Corporation, the following changes are
made in the corporation's management:
Mr. Johan Slotte, Senior Vice President, Video Networks has been appointed
Deputy CEO of Teleste Corporation with responsibility for corporate business
development, marketing, quality and IT, human resources and legal affairs.
Mr. Hanno Narjus, Vice President, Product Solutions within Teleste Video
Networks, has been appointed Senior Vice President, Video Networks with
responsibility for the business area.
The appointments will be effective immediately. Mr. Slotte will continue as
member and Mr. Narjus will start as a new member in the Management Team of
Teleste. Both report to the company President and CEO, Mr. Rinnevaara.
Founded in 1954 Teleste is an international technology group specializing in
broadband data communication systems and solutions. The Group is divided into
the strategic business areas of Broadband Cable Networks and Video Networks. The
clientele of Broadband Cable Networks includes cable operators with most of the
business taking place through direct customer contacts. Video Networks supplies
solutions involving optical signal transmission and video network management
software solutions designed for CCTV applications. Major part of this business
is conducted through system integrators. Both Business areas are among the
leading providers in their respective market areas and are recognized globally
for their know-how and ability to present technically cutting edge solutions on
continual basis. In 2006 the Group's net sales totalled EUR 101.8 million. At
the year-end the Group employed on average 621 persons. The company runs about
30 offices worldwide and more than 90% of Teleste's net sales are generated
outside Finland. The company is listed on the Helsinki Exchanges. For additional
information access www.teleste.com.
President and CEO
FOR MORE INFORMATION:
Mr. Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488