Changes in Elcoteq's Management: Olli-Pekka Vanhanen appointed Group´s VP Business Control & Accounting and Member of the Management Team

 | Source: Elcoteq Elcoteq 

Elcoteq SE
Stock Exchange Release
October 8, 2010 at 10.30 am (EET)



Mr. Olli-Pekka Vanhanen, born 1964, M.Sc. (Econ.), has been appointed Vice
President, Business Control and Accounting and member of the Management Team as
of January 1, 2011. Mr. Vanhanen has worked in Elcoteq in Business Control and
Accounting in the past and rejoins the company now from Finnforest.

Mr. Markus Hänninen, born 1963, M. Sc. (Econ.), Vice President, Treasury
continues in his current role. Mr. Hänninen has worked in Elcoteq since July
2008.

Elcoteq's current CFO Mikko Puolakka will leave Elcoteq after 10 years to pursue
his career outside the company as of December 1, 2010.

Both Mr. Vanhanen and Mr. Hänninen will report directly to the President and CEO
of Elcoteq SE, Mr. Jouni Hartikainen.


ELCOTEQ SE

Jouni Hartikainen
President and CEO

More information:
Jouni Hartikainen, President and CEO, tel. +358 10 41 311

About Elcoteq

Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies. Elcoteq has a proven track record in electronics
manufacturing services and a global factory network close to its customers
coupled with modern manufacturing equipment and consistent systems and
processes.
Elcoteq´s Electronics Manufacturing Services (EMS) Business Segment serves
customers globally in Engineering, Manufacturing and Fulfillment services. EMS
products include devices such as mobile phones and their accessories, set-top
boxes, LED lamps and luminaires, flat panel TVs, infrastructure systems, modules
and other industrial segment products. The After Market Services (AMS) Business
Segment concentrates on providing its customers with configuration, repair and
refurbishment services.
The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it
employs approximately 10,000 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd.  For more information visit the Elcoteq website atwww.elcoteq.com.


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