Ote Ads Regulatory News (OTES)

20 Dec 2007 14:03

Hellenic Telecomms Organization S A20 December 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement Athens, December 20, 2007 - The Hellenic Telecommunications Organization SA (OTESA), announces that its Greek fixed-line's Division of Business and ResidentialCustomers has been split into two separate entities. The two new divisions are: • Corporate and Business Customers, headed by Mr. Elias Drakopoulos, Managing Director of OTENet • Residential Customers, headed by Mr. Panos Sarantopoulos, until recently Deputy Chief Technology Officer The new General Directors, who took office on December 18, will have fullresponsibility for overall customer service of their respective division, willdefine their commercial strategy, and conduct the development of relevantproducts and solutions. In addition, Mr. Drakopoulos will be responsible for theimplementation of relevant projects and services, as well as for the overallsupport of all business and corporate customers. The decision to reorganize the Division of Business and Residential Customersshould enable OTE's fixed-line operations in Greece to improve theirresponsiveness in the face of heightening competition in the telecommunicationssector, better address technological convergence and growing customer needs forintegrated high-quality solutions, and raise their practices to bestinternational standards. Mrs. Soula Evans, who until now was General Director of Business and ResidentialCustomers, will assume new responsibilities as consultant to OTE's management.Mr. Panagis Vourloumis, Chairman and CEO of OTE, thanked Mrs. Evans for hercontribution in the past several years and wished the two new General Directorsevery success in their duties. Notes to Editors Elias Drakopoulos: Mr. Drakopoulos holds a BSc in Electrical Engineering fromAristotle University of Thessaloniki and a Masters Degree and PhD inTelecommunications from Northwestern University in Evanston, Illinois, USA. Mr.Drakopoulos also has a graduate degree in Business Management and Strategy fromINSEAD, France. From 1989 to 1998, Mr. Drakopoulos held various managerialpositions at AT&T, Bell Laboratories and Lucent Technologies in the US, where hewas responsible for design and techno-economical matters. In 1998, he wasappointed Director of Network Planning at Lucent Technologies for Europe until2001 and subsequently until January 2003 Vice President of Solutions, BusinessDevelopment and Marketing for Europe. He was appointed OTENet General Manager inFebruary 2003 and Managing Director in February 2007. Panos Sarantopoulos: Mr. Sarantopoulos holds a BSc in Electrical Engineeringfrom the National Technical University of Athens. He has extensive experience inthe Telecommunications and IT industry, having worked at Hewlett Packard Hellasas Sales Engineer and Sales Manager for Test & Measurement Solutions and at OTEas Telecom Engineer. From April 1990 until March 2001, he held variousmanagerial positions at Quest Group, including the position of General Managerof Hellas On Line (April 1997-March 2001). In April 2001, Mr. Sarantopoulosjoined OTENET as General Manager of Consumer Products and Services and then heldthe position of General Commercial Manager until February 2007 when he joinedOTE as Deputy CTO. About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,satellite, maritime communications and consultancy services. Listed on the Athens Stock Exchange, the company trades under the ticker HTO aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share. Additional Information is also available on http://www.ote.gr. Contacts: OTE: Dimitris Tzelepis - Head of Investor Relations Tel: +30 210 611 1574, Email: dtzelepis@ote.gr Nektarios Papagiannakopoulos-Senior Financial Analyst, Investor Relations Tel: +30 210 611 7593, Email: npapagiannakopoulos@ote.gr Daria Kozanoglou - Communications Officer, Investor Relations Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr Marilee Diamanti - IR Coordinator Tel: +30 210 611 5070, Email: mdiamant@ote.gr Christina Hadjigeorgiou - Financial Analyst Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr Forward-looking statement Any statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2006 filed with the SEC on June 28, 2007. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock Exchange