Pekka Peltola new CEO at Teligent AB

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Pekka Peltola, Vice Chairman of the board, is today appointed acting CEO for Teligent AB when Ulf Lindstén resigns on his own request due to health reasons. Pekka Peltola is one of the founders of Teligent and a central person in the recent years restructuring of Teligent. Pekka Peltola, who also has been CEO from the start 1990 until 1997, has continued to head various strategic leadership positions in Teligent from product management to sales and marketing. Ulf Lindstén has been CEO for Teligent during two periods. He was reinstated as CEO in May 2002. Teligent was at the time severely affected by the downturn in the telecom industry. Teligent has during Ulf Lindstén’s management shown strong growth and has managed to turn the previous negative financial performance into positive financial results. Ulf Lindstén will continue to be available to Teligent for special assignments, e.g. within possible Merger & Acquisition activities, which play an important role in Teligent’s growth strategy. “We regret that Ulf has decided to resign as CEO. He has lead Teligent in a great way to our current position” says Teligent’s Chairman of the Board Lars-Erik Nilsson, and continues, “On the other hand we are very pleased that Pekka will take over the management of Teligent. Pekka has since many years a hands-on experience of Teligent’s strategies and business position as well as the telecom business in general, which ensures a good continuity for Teligent. We are very satisfied with Pekka taking on the challenge to lead such a rapid growing company as Teligent. Together we will analyze the long term leadership for Teligent during the next six months” concludes Lars-Erik Nilsson.

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