SAF Tehnika Announces Appointment of Zane Jozepa to the Position of the Chief Financial Officer

Riga, May 14, 2015 - SAF Tehnika announces that as of May 15, 2015 this year, Zane Jozepa is appointed as the company's Chief Financial Officer. Within a month we also expect Zane Jozepa to take up a position of a Board Member, thus replacing the company's COO Aira Loite whose leave from the company is related to her wish to apply for studies in a new fields and desire to decrease workload temporarily. At the same time SAF Tehnika confirms that the expected changes in the company's management are not related to the changes in the company's strategy of the product development and international operations.

 | Source: SAF Tehnika SAF Tehnika

Riga, Latvia, 2015-05-14 15:13 CEST (GLOBE NEWSWIRE) --  

The duties of Zane Jozepa at SAF Tehnika will include the finance and administrative management and the investor relations.

Zane Jozepa has worked since 2006 till day of commencing her duties in SAF Tehnika for SIA Citrus Solutions, the company providing design, building and maintenance services for engineering and technical systems and infrastructure, and being daughter company of the leading IT and telecommunications services provider in Latvia – Lattelecom. Initially she started as financial controller and become a Head of Finance in 2008 and a Board Member in 2012. Within the company, Zane Jozepa was responsible for organization and supervision of financial management, budgeting, including goal setting and control. She has been involved in new business development and strategy setting, processes of control and analysis. Besides she has experience as credit and price setting administration got in SIA CocaCola HBC Latvia from 2004-2006.

Zane Jozepa holds bachelor’s degree in finance management from Banku Augstskola (BA School of Business and Finance). Zane Jozepa does not have SAF Tehnika shares.

About SAF Tehnika.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ OMX Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market

         Aira Loite
         SAF Tehnika Member of the Board
         Phone: + 371 67046825
         E-mail: aira.loite@saftehnika.com