LONDON, Dec. 14, 2004 (PRIMEZONE) -- COLT Telecom Group plc (COLT) a leading pan-European provider of business communications solutions and services, announced today changes in the composition of its Board of Directors with the appointment of John Remondi and the resignation of Steve Akin, Jim Curvey and Paul Chisholm.
Mr. Remondi is Senior Vice President and Managing Director of FMR Corp. He has held a number of senior positions in the Fidelity organisation including President of Fidelity Management LLC, Managing Director of Fidelity Ventures and Chief Financial Officer of FMR Corp. He is also a Director of Asia Telecom Group, L.P. (KVH); MetroRED Telecom Group Ltd; The Strober Organisation, Inc.; W.R. Hambrecht & Co and Geerlings & Wade Inc.
There are no matters in connection with this appointment to be disclosed under paragraph 6.F.2 (b) to (g) of the Listing Rules of the UK Listing Authority.
Commenting on these changes COLT Chairman Barry Bateman said:
"John Remondi's wide business experience will be invaluable as we continue to develop and transform COLT. I look forward to working with him as we once again position COLT as an innovating force in the European telecommunications market.
"Having completed the hand over of responsibilities former CEO Steve Akin has, as planned, resigned from the Board to devote all his energies to his new role at Fidelity in Boston.
"Jim Curvey and Paul Chisholm have been mainstays of COLT since its creation in 1992 and after 12 years with the company have decided the time is now right for them to step down from the Board.
"On behalf of the Board I wish to express my thanks to Steve, Jim and Paul for the contribution thy have made to COLT's success over the years."
About COLT
COLT Telecom Group plc is a leading pan-European provider of business communications services. COLT has over 19,000 network services and data centre solutions customers. The company owns an integrated 20,000 kilometre network that directly connects 32 major cities in 13 countries augmented with a further 42 points of presence across Europe and 11 Data Solution Centres. COLT supplies customers across the full spectrum of industry, service and government sectors with unrivalled end-to-end network security, reliability and service.
COLT Telecom Group plc is listed on the London Stock Exchange (CTM.L) and (Nasdaq:COLT). Information about COLT and its products and services can be found on the web at www.colt.net
This information is provided by RNS The company news service from the London Stock Exchange.