Change of Chairman at GTS Nextra
Bratislava, January 23, 2007
Shareholders of the largest alternative telecommunication service provider in Slovakia, GTS Nextra has approved a major change in the company's corporate governance structure. In order to cease duplications between management functions, position of Managing Director was abolished, and Mr. Stanislav Molcan has been appointed the new Chairman of the Management Board, effective 15 December, 2006. He has also been assigned to manage the company, succeeding previous Chairman of the Management Board, Mr. Branislav Brezovic.
Stanislav Molcan (33) graduated in 1996 from the Faculty of Electrotechnics and Informatics of the Slovak Technical University in Bratislava, telecommunications department. He launched his career at Global Network Services /later EuroWeb Slovakia/, where he worked as sales and marketing director from 1996 to 2000. He gained another management experience and skills within sales and marketing areas at ViaPVT and EuroTel Bratislava before he became sales and marketing director at GTS Slovakia in 2002. As head of the sales department of GTS Slovakia, he has greatly contributed to the current position of GTS Nextra on the Slovak telecommunications market.
About GTS Nextra
GTS Nextra is the biggest alternative telecommunications operator in Slovakia that provides a broad spectrum of telecommunication services ranging from data transfer through voice to internet access for both business and residential segments, with an estimated turnover 740 m Sk for the year 2006. GTS Nextra is a member of a strong international group GTS Central European Holding B.V. (further as GTS CEH), consisting of leading telecommunication operators in Poland, Hungary, Romania, the Czech Republic and Slovakia. GTS CEH employs more than 1400 employees. An estimated annual turnover of GTS CEH in 2006 is around 380 million EURO.
About GTS
GTS Central Europe is a leading provider of integrated telecommunications services in Central and Eastern Europe. GTS owns and operates an extensive fiber optic and data center network throughout the region. In the Czech Republic, Hungary, Poland, Romania and Slovakia, the company combines its regional footprint with deep local networks to deliver a broad range of services. From basic voice and data to complex virtual private networks and managed data center services, GTS assembles the latest technology with its extensive network to provide industry-leading customer solutions. Wit a rich operating history of nearly 20 years in CEE, the company is committed to providing service excellence and value to its 30,000 government, carrier and business customers. GTS is owned by a consortium of leading international private equity firms with extensive experience in the communications and technology industries. For more information, please visit us at www.gtsce.com.
