PETACH TIKVA, Israel -- TTI Team Telecom International Ltd. (NASDAQ: TTIL - News; "TTI Telecom"), a leading global provider of Operations Support Systems (OSS) and Business Support Systems (BSS) for telecommunications service providers, today announced that Ruben Markus will step down from his position as CEO at the end of this month due to differences over the management of the Company. On an interim basis, the Board of Directors has appointed Meir Lipshes, Chairman of the Board of Directors and former CEO of TTI Telecom, to serve as acting Chief Executive Officer. Mr. Lipshes commented: "We would like to thank Ruben for his efforts during the last year and wish him success in his future endeavors."
TTI Team Telecom International Ltd. (Nasdaq: TTIL)