EMS provider Elcoteq to focus more on customers in 2008

December 21, 2007

As part of the new action plan announced in October 2007, Elcoteq is streamlining and simplifying its organization as of January 1, 2008. With the new organization, Elcoteq aims to improve its ability to respond to its customers' developing needs in all business areas. In addition, the aim is to clarify responsibilities, speed up decision-making and improve Elcoteq's cost structure in an increasingly competitive situation.

The new organization consists of Group functions and three business areas that operate as profit centers, namely:

Personal Communications
Home Communications
Communications Networks

Group functions will support the business areas by ensuring that the operating model is globally consistent and that synergies between the business areas are utilized as efficiently as possible.

The business areas will be responsible for their own customer accounts and operations related to these as well as supply chain management, and will continue to develop their businesses and service offering in their own business area.

Elcoteq Management Team

As of January 1, 2008, the Elcoteq Management Team (EMT) will comprise the following persons:

Mr. Jouni Hartikainen, President and CEO
Mr. Jukka Jäämaa, Chief Operating Officer (COO) and Deputy CEO
Mr. Mikko Puolakka, Chief Financial Officer (CFO)
Mr. Anssi Korhonen, President, Personal Communications
Mr. Vesa Keränen, President, Home Communications
Mr. Tommi Pettersson, President, Communications Networks.

All members of the Elcoteq Management Team will report to President and CEO Jouni Hartikainen.

Areas of responsibility of the Elcoteq Management Team's members are as follows:

Jukka Jäämaa: group level operations, sourcing, human resources as well as quality and processes
Mikko Puolakka: group level business control and accounting, treasury and investor relations, corporate responsibility and corporate relations, risk management and security
Anssi Korhonen: Personal Communications business area
Vesa Keränen: Home Communications business area
Tommi Pettersson: Communications Networks business area

In addition, the following functions report to President and CEO: legal affairs, corporate development as well as marketing and communications.

As of January 1, 2008, Elcoteq will not have a separate Management Conference.

Source: www.elcoteq.com