STP.L Regulatory News (STP)

21 Jul 2005 07:01

Spiritel PLC21 July 2005 For immediate release 21 July 2005 SPIRITEL PLC ("Spiritel" or "the Company") Appointment of Chief Executive Officer Board Changes Spiritel plc (AIM: STP), the telecommunications services business, is pleased toannounce that it has appointed Alastair Mills, a managing director within theCompany, as the new Chief Executive Officer. Mark Willard, the current ChiefExecutive and the Company's founder, will become President, an executive Boardposition in which his extensive industry experience and innovation will continueto benefit the Company. Alastair Mills, age 32, an experienced telecoms executive, joined Spiritel in2004 as the Managing Director of Expo Communications, the Company's calltermination business. Prior to joining Spiritel, he worked for three years forTelewest, where he was responsible for a voice and data spend of around £100mannually. Before that he worked for five years for audit, accounting andadvisory firm KPMG in consulting and corporate finance roles. Mark Willard founded the Spiritel company Expo Communications in 2000, buildingit up to become one of Europe's leading call termination businesses. Mark willprovide technical, strategic and commercial input to the Company as Spiritel'sPresident, a role that will allow him to continue to innovate in the industry. As part of the Board changes, Sashi Mylvaganam, who was appointed as ChiefOperating Officer and Finance Director in May 2005, will step down from theBoard and from the Company. John Vergopoulos, the Company's Deputy Chairman andits former Finance Director, will oversee the finance function until a FinanceDirector is appointed. Lord St John of Bletso, Spiritel's Chairman, said: "I am delighted to welcomeAlastair Mills to the role of Chief Executive and to welcome him to Spiritel'sBoard. Alastair joined Spiritel last year and his promotion reflects the highquality of his contribution to the Company. Spiritel has the right team,products and routes to market to become a highly significant force in broadbandtelephony." ENDSFor further information: Spiritel plc 020 7160 0100Alastair Mills, Chief ExecutiveJohn Vergopoulos, Deputy Chairman Teather & Greenwood 020 7426 9000Jeff Keating Buchanan Communications 020 7466 5000Mark CourtMary-Jane Johnson Notes for Editors: About Spiritel plc Spiritel (AIM: STP) is the holding company for a growing group of companieswhose focus is telecommunications' services and products. Spiritel's initialtrading division, Expo Communications, was founded in 2000 and is one ofEurope's leading call termination businesses. Expo's client base includes Level(3), Colt, One.Tel and Your Communications among others. Spiritel has alsolaunched VoIP, or broadband telephony, services through its SpiritelTechnologies division, which has signed reseller agreements with companiesincluding Entacall Communications and Jabbertalk. These VoIP services, aimed atthe SME market, are highly complementary to Expo's termination services as mostphone calls made via VoIP require termination in the same way as calls fromtraditional fixed line phones. Spiritel joined the AIM market of the London Stock Exchange in July 2004. For further information please visit www.spiritelplc.com This information is provided by RNS The company news service from the London Stock Exchange