Teleste appoints new Chairman of the Board

TELESTE CORPORATION    STOCK EXCHANGE RELEASE   4.10.2017 AT 18:00

TELESTE APPOINTS NEW CHAIRMAN OF THE BOARD 

Teleste’s largest shareholder and Chairman of the Board, Mr. Timo Miettinen, has decided to step down as Chairman of the Board. At its meeting on October 4th, the Board of Directors of Teleste Corporation selected Mr. Pertti Ervi as the new Chairman of the Board. Mr. Timo Miettinen will continue as a Board Member. 

Pertti Ervi has considerable experience of Board work in several listed companies that operate in the technology and operator field. Previously, he has been the Chairman of the Board at both F-Secure Corporation and Comptel Corporation, for instance. Ervi has also been a Board Member of several start-up companies. 

Timo Miettinen: “The company wishes to use in the best possible way the expertise of all Board Members. Ervi has considerable experience in leading the Board work of technology companies. Teleste’s sector is developing rapidly and in the near future the company has to make significant strategic choices.”  

Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to your home, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2016, Teleste’s net sales reached EUR 260 million and the company employed over 1500 people.  Teleste is listed on Nasdaq Helsinki. For more information: visit www.teleste.com and follow @telestecorp on Twitter. 

TELESTE CORPORATION 

Jukka Rinnevaara
CEO 

ADDITIONAL INFORMATION
Mr. Timo Miettinen, tel. +358 40 071 3027
Mr. Pertti Ervi, tel. +33 6 85839153 

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com