At AS Eesti Telekom Council meeting on 5 December 2006 it was decided that the CEO of AS Eesti Telekom Jaan Männik will resign from his position and retire on 22 May 2007. Further the Council appointed Valdo Kalm, CEO of AS EMT, to be the new CEO of AS Eesti Telekom as of 23 May 2007. Valdo Kalm will also continue in his present position as CEO of AS EMT. At AS Eesti Telekom Council meeting on 18 April the Council decided to extend the Management Board of AS Eesti Telekom with the following people, effective from 1 July 2007: Leho Tamm CFO and member of the Management Board. He will also continue in his present position as CFO of AS EMT Valdur Laid Member of the Management Board. He will also continue in his present position as CEO of Elion Ettevõtted AS. Enn Saar Member of the Management Board. He will also continue on his present position as CEO of AS Microlink Eesti. Leho Tamm has been working as CFO of AS EMT for the last three years. He is also council member of AS MWS and AS EMT Esindused. Valdur Laid has been working as CEO of Elion Ettevõtted AS for the last three years. He is also council member of AS MicroLink Eesti. Enn Saar has been member of the management board of AS MicroLink Eesti since 2004. Since 2006 he has been CEO of AS MicroLink Eesti. Non of the new members of the management board owns any shares of AS Eesti Telekom. Current AS Eesti Telekom Management Board member and CFO Hille Võrk, will continue in this capacity until 1July 2007. It was also decided by the Council of AS Eesti Telekom that a structural change shall take place in the Eesti Telekom Group, effective from 1 July 2007. AS MicroLink Eesti, presently a 100% subsidiary of a holding company MicroLink, which in its turn is fully owned by AS Elion Ettevõtted, shall become a 100% owned direct subsidiary of AS Eesti Telekom. The Council decided to create the following strategic coordination functions at AS Eesti Telekom: marketing and sales, business development, technology and services, information technology, personnel management, jurisprudence and regulation and administrative management. The changes are aimed to improve the service of customers and efficiency of the Eesti Telekom Group, and increase cooperation between the companies. At the AGM of AS Elion Ettevõtted that took place on April 18th it was decided to recall Jaan Männik and Hille Võrk from the Council of the company. Leho Tamm was elected as a new member of the Council of AS Elion Enterprises. At the AGM of AS EMT that took also place on April 18th it was decided to recall Jaan Männik, Hille Võrk and Valdur Laid from the Council of the company. Mats Salomonsson was elected as a new member of the Council of AS EMT. Mats Salomonsson is also a member of the Council of AS Eesti Telekom. Eesti Telekom <http://www.telekom.ee> is the largest group of telecommunications and IT companies in Estonia. Its shares have been quoted on the Tallinn and London stock markets since 1999 (OMX:ETLAT/LSE:EETD). Eesti Telekom's subsidiary AS EMT <http://www.emt.ee> is Estonia's largest mobile operator, offering the best quality in voice communication services and innovative mobile data communication and content services. EMT <http://www.emt.ee> became the first mobile operator in Estonia to open 3G network for commercial use and to offer 3G services. Eesti Telekom's subsidiary Elion Enterprises AS <http://www.elion.ee> maintains the leading position in Estonia in the market for fixed-line voice communication, Internet connections and data communication solutions, and has vigorously entered the IT and digital television market. Hille Võrk AS Eesti Telekom, CFO Phone +372 6 311 212 Email: hille.vork@telekom.ee
Changes in AS Eesti Telekom management and structure of the Eesti Telekom Group
| Source: Eesti Telekom