euro adhoc: S&T System Integration&Technology Distribution AG
Board
of Directors (Appointments and Changes)
S&T strengthens board of
directors (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
13 November 2003, Vienna, Austria - S&T System Integration &
Technology Distribution AG ("S&T," Vienna Stock Exchange: SNT, OTC:
STSQY) today announced that Christian Rosner (46) will join the
company's board of directors on 1st January 2004, enlarging the
management board to three members.After the rapid growth of recent years, the company's organisational structure is now being adapted to meet new challenges. In addition to its traditional regional focus, S&T will in future place bigger emphasis on company-wide business segments, encouraging further utilization of synergetic effects among the operations in 20 countries in central, eastern and southern Europe. This gradual restructuring will also allow the company to accelerate the shift in its portfolio towards "services," coordinate sales and marketing activities, emphasize S&T branded solutions and, ultimately, increase profits.
The large potential for synergies can be mainly released by a "cut and paste" strategy, making locally successful IT solution competences available throughout the S&T geography. Typical examples come from Slovenia, where S&T, with over 200 employees, is the market leader in information technology for banks (Nova Ljubljanska Banka, Kärntner Sparkasse) and telcos (Slovenian Telekom, SI-mobil), Hungary and Greece with their focus on the integration of point of sales solutions for large supermarkets (Auchan, Lampropoulos), and Romania, where S&T is the clear market leader for individual solutions in the public sector (Ministry of Social Affairs, Ministry of Education).
Under Christian Rosner, the newly created board position will ensure the improved transfer of know-how and effectiveness of marketing activities within the total S&T geography.
Christian Rosner, who gained many years of IT experience at Digital Equipment and Hewlett-Packard, was most recently chairman of the management board at the telecommunications company eTel and mobile phone service company EMTS.
"S&T is in a position to profit from the EU enlargement to the east and the higher than average growth in eastern and southern Europe like no other IT company. I am looking forward to bringing in my experience in exploiting synergies and in sales and marketing at a multi-national company," Christian Rosner said about his new challenge.
Karl Tantscher, CEO of S&T: "I am pleased that we have been able to win Christian Rosner for this task. We have high expectations. His understanding of change processes and ability to achieve ambitious goals should support S&T's profitability and growth, thus improving S&T ratings on the capital markets."
The third member of the board is Martin Bergler (44) who as in the past will be responsible for finance and administration.
About S&T - www.snt.at S&T is a leading provider of IT solutions for customers in 20 countries in Central, Eastern and Southern Europe. The company provides consulting services, software development, IT solutions implementation and support services around the clock to the most demanding customers in telecommunication, banking, energy production and distribution, government and health care.
end of announcement euro adhoc 13.11.2003
Further inquiry note:
Karl Tantscher
Chief Executive Officer
mailto:karl.tantscher@snt.at
Henriette Lininger
Investor and Public Relations
mailto:henriette.lininger@snt.at
S&T System Integration & Technology Distribution AG
Gunoldstrasse 16, 1190 Vienna, Austria
Phone: +43 1 367 80 88 0
Fax: +43 1 367 80 88 99
mailto:snt@snt.at
http://www.snt.at/
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: ATX Prime, NECI, ViDX
Börsen: Wiener Börse AG / official dealing
Nasdaq Europe / official dealing