Rafuse Named euNetworks CEO

SINGAPORE -- euNetworks, (SGX: H23.SI), one of Europe’s foremost providers of mission-critical, high-performance networking solutions, today announced a number of executive appointments to further accelerate the company’s growth and drive the next phase of euNetwork’s development.

Executive Appointments to Drive Growth and Corporate DevelopmentNoel Meaney, founder and Chief Executive Officer (CEO) since 2002, who also assumed the role of Executive Chairman in early 2008, has announced that he intends to concentrate on his role as Executive Chairman with prime responsibility for strategic corporate development. Under Noel’s leadership, euNetworks has transformed from a start-up infrastructure company bought out of distress in 2002, to a successful, EBITDA[1] profitable and fast growing pan-European communications company.

Inline with Noel Meaney’s decision to move to Executive Chairman, the Company has also announced that it has appointed Brady Rafuse, former President & CEO of European Operations for Level 3, as its Chief Executive Officer designate. Brady has over 20 years experience in the telecoms industry. He recently managed Level 3 in Europe, with responsibility for Level 3’s content delivery business. Prior to Level 3, Brady served as Head of Commercial Operations for Concert, a joint venture between AT&T and British Telecom.

Noel Meaney said: “I am delighted to welcome Brady Rafuse to the company as CEO designate. Brady brings with him a wealth of knowledge and experience that will be very important to euNetworks as it enters a new period of growth.”

euNetworks Group Ltd.