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Elcoteq SE (HEL:ELQ1V) Elcoteq SE Stock Exchange Release August 19, 2008 at 9.30 pm (EET)
Elocteq's Operations Organization will be streamlined to simplify the organizational structure and to further improve the accountability of the individual members of the organization.
The responsibilities of the COO (Chief Operating Officer) will be integrated into the existing Sourcing and Supply Chain Organization. Mr. Jukka Jäämaa, current deputy CEO and COO, member of the Elcoteq Management Team, will pursue his career outside Elcoteq. He will remain in his current role until September 5, 2008.
"Naturally, we are sorry to see our long-term employees leaving the company. On the other hand the changes within the organization are part of our organizational development and therefore necessary for continuous improvement," says Mr. Jouni Hartikainen, President and CEO of Elcoteq SE.
ELCOTEQ SE
Jouni Hartikainen President and CEO Further information: Carsten Barth, Director, Marketing and Communications, tel. +41 79 618 0313 Minna Aila, Director, Investor Relations and Corporate Responsibility, tel. +358 40 513 1470
About Elcoteq: Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after-market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after-market services for the whole lifecycle of its customers' products. These products include Personal Communications products such as mobile phones and their parts, Home Communications products such as set-top boxes and electronics for flat screen TVs as well as Communications Networks products such as base-stations, tower-top amplifiers, and microwave systems.
Elcoteq operates in 15 countries on four continents and employs some 24,000 people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros. Elcoteq SE is listed on the OMX Nordic Exchange Helsinki. For more information visit the Elcoteq website at www.elcoteq.com.
