REG - Hellenic Telecomms - Announcement

Hellenic Telecommunications Organization SAAnnouncement

14/12/2023 16:30

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RNS Number : 8839W  Hellenic Telecomms Organization S A  14 December 2023

Announcement

 

Athens, December 14, 2023 - Hellenic Telecommunications Organization S.A.
("OTE S.A." or the "Company"), announces that Michael Tsamaz, Chief Executive
Officer and Chairman of the OTE Board of Directors, has decided to leave the
company end of June 2024, upon the expiration of his existing contract. The
Board of Directors of OTE, during its meeting held today, unanimously decided,
in accordance with the relevant proposal of its Remuneration and Nomination
Committee, to recommend to the Annual General Shareholders Meeting of OTE S.A.
the election of Kostas Nebis, in order for him to be appointed as new Chairman
and Chief Executive Officer, effective July 1, 2024, and approved the terms of
his contract. The BoD expressed its confidence that Kostas Nebis will continue
the further growth of the OTE Group.

Michael Tsamaz is OTE's longest-serving Chairman and CEO, having assumed this
position in November 2010. Placing customer experience as a top priority, he
led the successful transformation of OTE into a modern, high performing
technology company, with strong financial foundations. During his tenure, OTE
not only became the largest investor in new generation networks and
technological infrastructure in Greece, contributing decisively to the
digitalization of the country, society and businesses, but also a leader in
all core telco segments: Fixed, Mobile, Pay TV, and ICT. In addition, it
launched start-ups in non-core sectors such as FinTech, food delivery and
insurance aggregation. The vision he set for the company for 2030, is to
develop into a leading sustainable digital services provider, aiming at
continuous improvement of shareholders value.

Kostas Nebis has been the Chief Executive Officer and President of the
Management Board of Hrvatski Telekom, Deutsche Telekom majority owned company
in Croatia, since April 2019. From this position, he managed the turnaround of
the company, focusing on employee and customer satisfaction while delivering
strong business results accelerating growth while defending the leading
position in the market with leading investments in gigabit infrastructure and
digital solutions. He has extensive experience, of more than 20 years, in the
telecommunications industry. Prior to Hrvatski Telekom, he held the position
of Chief Commercial Officer for Residential Customers in OTE Group and the
position of Marketing Director in COSMOTE Greece.

 

 

 

 

 

 

 

 

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

Tel. +30 210-6118190, +30 210-6117364

E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr)

 

 

 

 

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