Investor Releases
Magyar Telekom Board appoints new senior management members
Budapest, September 20, 2006
Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider, today announced that the Board of Directors has appointed György Simó Chief Operating Officer (COO) of the Wireline Services Line of Business and Thilo Kusch Chief Financial Officer (CFO) of the Magyar Telekom Group.
György Simó, currently the deputy COO of the wireline services and CEO of T-Online Hungary, was appointed Chief Operating Officer (COO) of the Wireline Services Line of Business by Magyar Telekom’s Board of Directors as of September 20, 2006. He will retain his position as CEO of T-Online Hungary.
Following Dr. Klaus Hartmann’s departure, the Board also decided on the appointment of Thilo Kusch as Chief Financial Officer (CFO). Thilo Kusch has been with the Deutsche Telekom Group for nearly 5 years, recently as a Senior Executive Vice President in charge of Investor Relations. Previously he worked as an equity analyst and management consultant.
György Simó and Thilo Kusch currently do not hold any Magyar Telekom shares.
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