MADRID, Spain, March 17, 2008 (PRIME NEWSWIRE) -- Telvent GIT S.A. (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that it has appointed Barbara Zubiria as new Head of Investor Relations and Manuel Fernandez as new Chief Finance Officer, succeeding Ana Plaza, Chief Financial Officer and Head of Investor Relations, who will leave the company, effective April 1, 2008.
Manuel Sanchez, Chairman and CEO, states that "the Board of Telvent is grateful to Ana Plaza for her personal contribution during many years at the Company. It has been a pleasure to have Ana as part of the Telvent team for eight years, in which the company has faced many and exciting challenges. We wish her success in her new endeavour. At the same time, I feel completely confident that the newly appointed persons, Barbara and Manuel, will contribute further to Telvent's development. Both Barbara and Manuel have worked for a number of years at Telvent closely with Ana and myself, and the other key members of Telvent, so I am sure the transition will be seamless."
Ana Plaza will leave Telvent to pursue another career opportunity but stated, "I have been with Telvent for over eight years, and I am proud of having been a contributor to its outstanding growth and international expansion. I have decided to take a new opportunity as it represents a new challenge in my professional career."
Barbara Zubiria, Telvent's current Chief Financial Reporting Officer, will also assume the responsibilities of Head of Investor Relations starting April 1, 2008. Ms. Zubiria is currently responsible for Telvent's global financial reporting process, and previously led, as Telvent's Chief Audit Officer, the implementation and strengthening of the Company's internal controls over financial reporting following the initial public offering. Prior to joining Telvent in April 2005, she worked in public accounting, both in the United States and Spain, for seven years. Ms. Zubiria is a Certified Public Accountant (CPA) and holds a Bachelor of Business Administration, cum laude, with a specialty in Accounting, and a Masters of Science in Accounting and Auditing from Florida International University in Miami, Florida. She also recently completed a Management Development Program at IESE Business School in Madrid, Spain.
Manuel Fernandez, current Chief Financial Officer of Telvent North America, will become Telvent's Chief Finance Officer starting April 1, 2008. Mr. Fernandez joined Telvent in 2003 as Financial Director. Since September 2006, Mr. Fernandez holds the position of CFO of Telvent North America, which includes Telvent's four subsidiaries in the United States and one in Canada. Prior to joining Telvent, Mr. Fernandez spent five years in different areas and companies within Abengoa: Financial Director of Teyma Abengoa (Argentina) and Abengoa Chile, Financial Controller of Abengoa Mexico, and Audit and Consolidation Department of Abengoa. Mr. Fernandez holds a Bachelor of Business Administration from Seville University, Spain, and an Executive MBA from IESE Business School in Madrid, Spain.
About Telvent
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high value-added products, services and integrated solutions for the Energy, Transportation, Environment and Public Administration industry segments, as well as Global Services. Its innovative technology and client-proven expertise enable the efficient and secure real-time management of operational and business processes for industry-leading companies worldwide. (www.telvent.com)
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Telvent's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Telvent's Annual Report on Form 20-F for the year ended December 31, 2007, filed with the Securities and Exchange Commission on March 10, 2008.