Polish Network Gets New Boss Following Buyout

Dr. Klaus Hartmann, currently Chief financial Officer of Magyar Telekom, has been appointed as the new CEO of Polish mobile operator PTC later this week. At the same time, subject to requisite corporate approvals, Thilo Kusch, currently Senior Executive Vice President in charge of Investor Relations, is to take over the position of CFO at Magyar Telekom the Hungarian market leader for telecommunication services.

The new management appointment at PTC is a direct consequence of Deutsche Telekom's acquisition of the 48 % stake of PTC formerly held by the Polish company Elektrim. The acquisition is based on a call option awarded to Deutsche Telekom by a Court of Arbitration, a decision still being hotly contested by France's Vivendi.

Hartmann joined Deutsche Telekom group in 1995 and was appointed CFO of Magyar Telekom in November 2000. Previously he held various important management positions in finance within Deutsche Telekom and its subsidiary Global One.

Kusch is since April 2002 Senior Executive Vice President in charge of investor relations at Deutsche Telekom. He joined Deutsche Telekom Group in 2001 as Senior Director in charge of IPO preparations and investor relations for T-Mobile international. From 1998 to 2001 he was telecom equity analyst with Dresdner Kleinwort and from 1992 to 1998 he worked in Arthur D. Little's Telecoms, IT, media and entertainment practice as a management consultant."

Posted to the site on 11th September 2006