ESPRIT TELECOM NAMES FORMER SPRINT AND TELSTRA EXECUTIVE, DAVID L. OERTLE, AS NEW CHIEF EXECUTIVE OFFICER.READING, UK--(BUSINESS WIRE)--April 30, 1997--European telecommunications company See telecom company. Esprit Telecom Group plc (Nasdaq:ESPRY; Easdaq:ESPR ESPR European Society of Paediatric Radiology ESPR Espressivo (music) ESPR Ethnicity and Social Policy Research Unit (University of Bradford) ESPR European Society of Paediatric Research ) announced today that David L. Oertle, 51, has been named 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. ) to lead the company in its continued growth. Oertle, a former executive for Telstra, Sprint and currently chief executive officer and managing director of TechComm Group Limited in Australia (Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. :TEC) will assume the role of Esprit Telecom's chief executive officer on 5 May 1997. Walt Anderson, the Company's current chief executive officer will remain with Esprit Telecom as chairman of the Company. Anderson will focus on formulating and implementing the strategic direction of Esprit Telecom and special projects. Commenting on the announcement, Esprit Telecom Chairman Walt Anderson said, "The company conducted an extensive world-wide CEO search. We selected David because he is a results-oriented, world-class CEO. His proven track record, which extends over 25 years as a telecommunications executive, and his outstanding leadership qualities are ideally suited for managing Esprit Telecom during this rapid growth period as the Company continues to expand its network and operations throughout Europe." Prior to TechComm, Oertle was chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Telstra's Commercial and Consumer divisions from 1993 to 1994. He had profit and loss accountability for a $7 billion business and more than 24,000 employees under his leadership. Oertle's rise to chief operating officer came after his successful tenure as managing director of the Commercial division between 1992 and 1993. He was instrumental in increasing the organisation's operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. before tax by over 40%, making his unit the most profitable within Telstra. Oertle began his career with Telstra in 1990 as executive general manager and chief information officer. "Historically, European telecommunications liberalisation n. 1. Same as liberalization. Noun 1. liberalisation - the act of making less strict liberalization, relaxation alleviation, easement, easing, relief - the act of reducing something unpleasant (as pain or annoyance); "he asked the nurse will only take place once," said David Oertle. "I believe that Esprit Telecom is uniquely positioned to exploit the opening of this market. I have participated in some great opportunities within the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. , Australian and Asian telecommunications markets, including growing Sprint to profitability in a marketplace of 250 million consumers, but the opportunity for Esprit Telecom in a market of 375 million consumers in Europe surpasses them all." Between 1988 and 1990, Oertle served as executive vice president for Sprint, where he introduced new sales and customer service strategies for the residential and small business market, which accounted for 60% of Sprint's revenue. Prior to Sprint, Oertle served seven years beginning in 1980 with AT&T, making his mark during the early years of competition in 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. . His telecommunications experience began in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in 1976 with Wisconsin Telephone. Oertle holds a Bachelor's Degree from the University of Wisconsin. Esprit Telecom Group plc, a Nasdaq and Easdaq quoted company, trading under the symbols "ESPRY" and "ESPR" respectively, is one of the largest independent European telecommunications service providers. Its network extends to 14 major cities in the United Kingdom, the Netherlands, Spain, France, Germany, Belgium, Italy and Ireland. Esprit Telecom provides high quality, low cost, customised international and national long distance telecommunications services to large and medium-sized businesses. As a market leader of international telecoms services, Esprit Telecom counts among its many customers: governmental organisations, leading financial institutions, travel services organisations, hotels and transport companies. -0- Note: Photo available upon request. CONTACT: Esprit Telecom Margaret McCarthy, 44 (0) 118 951 4000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion