26th Apr 2005 07:01
Spiritel PLC26 April 2005 For immediate release 26 April 2005 SPIRITEL PLC ("Spiritel" or "the Company") Appointment of COO/Finance Director Board Changes Spiritel plc (AIM: STP), the telecommunications services business, is pleased toannounce that, as part of the continued development of the Company, it hasappointed Sashi Mylvaganam as its Chief Operating Officer and Finance Director.Mr Mylvaganam, an accountant with telecoms and plc experience, joins theCompany's Board as of 3 May 2005. John Vergopoulos, an early stage investor in Spiritel and its Finance Director,will become the Company's Deputy Chairman, an executive position in which hewill focus on corporate development. Mr Mylvaganam, age 51, is a chartered accountant who was most recently the ChiefOperating Officer of United Networks Ltd, a family run business focussed ontelephone switching systems. He joined United Networks as Finance Director in1992, becoming Chief Operating Officer in 1999. Between 1988 and 1992, MrMylvaganam was the Group Finance Director and Company Secretary of Jacques Vertplc, a fashion retailer. Between 1985 and 1988, he was the Financial Director ofJean Jeanie, part of Lee Cooper plc, a casual clothing company. Nigel Robertson, Spiritel's Non-Executive Deputy Chairman, is stepping down fromthe Company's Board, allowing him to focus on other business interests. Ged Holmes, Spiritel's Commercial Development Director, will step down from hisexecutive position at the end of this month, though he will remain on theCompany's Board as a Non-Executive Director. Lord St John of Bletso, Spiritel's Chairman, said: "I am delighted to welcomeSashi Mylvaganam, an experienced telecoms executive, to Spiritel and to theCompany's Board. His appointment further strengthens Spiritel's management at animportant time in the development of the Company. It also allows JohnVergopoulos to focus on corporate development." ENDS For further information: Spiritel plc 01784 224201 Mark Willard, Chief ExecutiveJohn Vergopoulos, Deputy Chairman Teather & Greenwood 020 7426 9000 Jeff Keating Buchanan Communications 020 7466 5000 Mark CourtMary-Jane Johnson Notes for Editors: About Spiritel plc Spiritel (AIM: STP) is the holding company for a growing group of companieswhose focus is telecommunications' services and products. Spiritel's initialtrading division, Expo Communications, was founded in 2000 and has enjoyed yearon year growth in both revenue and profitability. Ir is one of Europe's leadingcall termination businesses. Spiritel's other divisions include SpiritelTechnologies, which offers bundled services to small and medium sizedbusinesses, and Spiritel Managed Networks, which offers managed telecomsservices to corporates including the handling of voice traffic to and fromoverseas call centres. Spiritel joined the AIM market of the London Stock Exchange in July 2004. For further information please visit www.spiritelplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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