TELESTE CORPORATION: CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND THE MANAGEMENT TEAM

Company

TELESTE CORPORATION STOCK EXCHANGE RELEASE 24.11.2016 AT 9:30

Mr. Esa Harju (M.Sc. Eng) has been appointed a member of the Management Team of Teleste Corporation as of 1 December 2016, assuming the responsibility for the Video Security and Information Solutions Business Unit. Due to the appointment, he has handed in his resignation from the Board of Directors of Teleste Corporation.

Deputy CEO Mr. Johan Slotte (LL.M., EMBA) will continue as a member of the Management Team, taking over the position of regional director covering all Teleste’s operations in Germany, Austria and Switzerland (DACH). In this position he will support and develop the activities of all Teleste’s business areas in this region. In addition, Johan Slotte will continue to head the corporate business development and legal affairs.

Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video – video and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world’s leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and video security and information solutions. Network Services offers comprehensive services for access network design, construction and maintenance. In 2015, Teleste’s net sales totaled EUR 248 million, and the company employed about 1,500 people. Teleste runs a worldwide network of offices and more than 95 % of its sales are generated outside Finland. The company is listed on the Nasdaq Helsinki. For more information see www.teleste.com

TELESTE CORPORATION

Jukka Rinnevaara
President and CEO

ADDITIONAL INFORMATION:
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com