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Telekom Austria Group Shakes Up Management at Subsidiaries

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Telekom Austria has shaken up the senior management at two of its subsidiaries. Thanasis Katsiroumpas (51), currently the CEO of Serbia's Vip mobile will take over as CEO of Bulgaria's Mobiltel and, in his new capacity, he will also be responsible for the marketing agenda. The management board of the Bulgarian subsidiary will therefore be reduced from four to three members.

The CEO of Mobiltel Bulgaria, Andreas Maierhofer, is returning to Austria after 10 years in executive management positions abroad and, therefore, decided not to extend his expiring contract.

Since the new CEO Katsiroumpas will have overall responsibility for the marketing agenda, former CMO Martin Lippautz will also leave the company and the Telekom Austria Group at his own request. Following the departure of Thanasis Katsiroumpas, Andreas Graf, CFO of Vip mobile in the Republic of Serbia, is appointed as interim CEO/CMO of the company.

"Bulgaria is currently the most difficult market within the Telekom Austria Group. With Thanasis Katsiroumpas we were able to recruit an excellent expert on the Bulgarian market and one of the most experienced telecom top managers within the Group for this challenging task," said Hannes Ametsreiter, CEO of the Telekom Austria Group.

Before taking over as CEO of Vip mobile in May 2010, American born Katsiroumpas was CEO of Globul, the second largest mobile operator in Bulgaria.

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Tags: vip mobile  mobitel  telekom austria  Serbia  Bulgaria