Elcoteq SE
Stock Exchange Release
March 19, 2008 at 3.15pm (EET)
The Nomination Committee of Elcoteq SE's Board of Directors has decided to complement its proposal of Board members from February 6, 2008. The Committee proposes that in addition to the re-election of the current Board members, Mr. François Pauly (born 1964), MBA be elected to the Elcoteq's Board of Directors. Mr. Pauly has long experience on international financial markets and is currently the General Manager of Sal. Oppenheim Jr. & Cie S.C.A, a leading European private bank based in Luxembourg.
The Nomination Committee of Elcoteq's Board of Directors base their proposal on the following grounds:
The new member of the Board brings new perspectives and more international experience to the Board's work. Mr. Pauly's broad experience of banking and international business will be a valuable asset to the Board.
Mr. Pauly has given his consent to his election.
ELCOTEQ SE
Tuula Hatakka
Senior Vice President, Treasury and Investor Relations
Further information:
Antti Piippo, Chairman of the Board, tel. +358 10 41 311
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.