Luxembourg, 21 June 2011 - Transcom announced today that the company’s President and CEO, Pablo Sánchez-Lozano, has resigned. The Board of Directors has asked Mr. Sánchez-Lozano to continue on in his role as CEO until a new CEO has been selected. This will ensure an orderly transition of leadership over the coming year. Mr. Sánchez-Lozano has accepted the Board's request. A search for a new CEO will begin immediately.
“We want to thank Mr. Sánchez-Lozano for his leadership of Transcom over the past two years and are pleased that he will stay during the coming months to ensure a smooth transition,” commented William M. Walker, Chairman of the Board of Transcom. “Mr. Sánchez-Lozano launched the transformation journey the company is currently executing upon to make Transcom a market leader. We are confident that we will manage a smooth leadership transition over the coming months.”
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For further information, please contact:
Pablo Sánchez–Lozano, President and CEO +352 27 755 000
Aïssa Azzouzi, CFO +352 27 755 021
Stefan Pettersson, Head of Investor Relations +46 70 776 80 88