Sitronics announced three new appointments in its Telecommunication Solutions business division

March 16, 2007

1 Min Read

MOSCOW -- SITRONICS JSC (LSE: SITR) today announced three new appointments in its Telecommunication Solutions business division. Igor Hulak has been appointed Head of SITRONICS Telecom Solutions business division, and Alexander Manos and Evgeny Maximenko, Deputy Heads responsible for the EEMEA and Russia & the CIS regions respectively.

Igor Hulak has worked for SITRONICS Telecom Solutions, Czech Republic, (formerly STROM telecom), since 2005. He was formerly the Deputy General Director of STROM telecom and from August 2006 served as the First Deputy CEO and Director of Finance & Investments for INTRACOM Telecom, playing a pivotal role in the acquisition of a 51% stake in INTRACOM Telecom by SITRONICS. The Company also announced today that Nihad Hurem, the founder and former CEO of STROM Telecom now SITRONICS Telecom Solutions will be in charge of R&D for telecommunication projects.

Evgeny Utkin, President of SITRONICS commented: ”Mr Hulak faces a challenging but interesting task to continue integrating the telecommunication assets acquired by SITRONICS and create one unified company. SITRONICS Telecom Solutions is a multinational company which operates around the world and it is therefore logical that it is run by someone with the diverse experience in international business development that Igor possesses.”

“I’m very grateful to Mr. Hurem, who founded STROM telecom, for his enormous contribution to the company’s development. Activities in the field of Research & Development are now a top priority for JSC SITRONICS and his advices in R&D will be a great asset to the Company,” Mr Utkin added.

JSC Sitronics (London: SITR)

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