Luxembourg, 11 June 2012 – Transcom WorldWide S.A. today announced a realignment of the organizational and management structure in its North and Central Europe regions. The cost, to be recorded in the second quarter of 2012, is estimated at a total of €0.7 million, mainly consisting of severance payments and legal fees.
As of today, Transcom’s operations in the Baltic countries will form part of the North region, rather than the former West & Central region (now renamed as Central Europe). Regimantas Liepa, General Manager of the former West & Central Region, will leave Transcom. Jörgen Skoog has been appointed Acting General Manager of the new Central Europe region.
“This change will allow Transcom to maximize the potential from significant client synergies between the Baltic and Scandinavian countries, while also streamlining and simplifying the organization in the new Central Europe region”, commented Johan Eriksson, Transcom’s President and CEO. “I would like to thank Regimantas Liepa for his valuable contributions to Transcom over the years, and wish him all the best in his future endeavors.”
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For further information, please contact:
Johan Eriksson, President and CEO +46 70 776 80 22
Marcus Süllmann, CFO +352 691 755 060
Stefan Pettersson, Head of Investor Relations +46 70 776 80 88