Billing Services Group Limited Announces New CEO; Former Deutsche Telekom Executive, Roland Bopp, Will Join BSG To Lead In Dynamic Growth Period.BERMUDA -- Billing Services Group Limited (LSE LSE - Language Sensitive Editor :BILL) today announced that Roland Josef Bopp will join the company, effective April 15, 2006, as Chief Executive Officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) and as a director on the board of directors. The company's current CEO, Patrick J. Haynes III, will remain with the company, becoming Chairman of the board, with particular responsibility for group strategy. Patrick Heneghan, current Chairman, will continue on the board as vice-Chairman and senior independent non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. . The Bopp appointment is a strategic response to BSG's dynamic growth and increased global expansion over the past year. Mr. Bopp, a German national, brings more than 20 years of executive leadership in telecom service organizations in both North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. His most recent position was Chairman, President & CEO of the Americas for Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. Inc., a subsidiary of Deutsche Telekom of Germany, that was based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Over a period of three years he led the successful expansion of that business via both organic growth and through acquisitions. Prior to that, he was managing director of Mannesmann, the U.S.-based, $20 billion telecom and engineering company acquired by Vodafone in 2000. While at Mannesmann, Bopp was also responsible for establishing Mannesmann's successful mobile business. He has also managed a number of telecom sector private equity funds and has advised large Eastern Europe wireless operators, among others. "Roland brings tremendous business acumen and global contacts to this position," said Patrick J. Hayes Patrick John Hayes or Pat Hayes (21 August 1944) is a British computer scientist who lives and works in the United States. As of March 2006, he is a Senior Research Scientist at the Institute for Human and Machine Cognition in Pensacola, Florida. III, chairman of the board for BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin . "His understanding of the industry and customer requirements and his experience with expanding global companies will be invaluable as we continue to build BSG into a global communications clearinghouse." Mr. Bopp was recruited to Billing Services Group Limited to oversee the company's further international development, particularly in Europe, the Middle East and Asia. Mr. Bopp will relocate to London, where the company has established a central executive function, and a full U.S.-based executive team, all of whom will continue with the business, will support him. As part of his service package, Mr. Bopp will be granted options on over 8,000,000 un-issued common shares in the capital of the company, vesting over three years and on terms comparable to those under the company's existing share option plans. The company's remuneration committee based on the fair market value of the company's common shares as of today will determine the exercise price of these options. "I'm very pleased to be joining such an impressive organization at a strategic moment in its history," said Roland Bopp. "After just one year on AIM, BSG will move up on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LSE) next month. The company's strong market position and recent acquisitions have established the right structure for the next phase of growth." About BSG Clearing Solutions BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers. The company processes over 20 billion transactions annually for 630 of the world's largest communications companies throughout North America, Europe and Asia. With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers' services. BSG meets the needs of today's complex network interconnections and anticipates the requirements of converging technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, publicly traded on the London Stock Exchange (AIM) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BILL. For more information, visit www.bsgclearing.com. |
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