Elcoteq's New Management to Take Over on January 1, 2004.Business Editors/High-Tech Writers IRVING, Texas--(BUSINESS WIRE)--Dec. 29, 2003 Elcoteq Network Corporation, global provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) for the Communications Technology industry, announced that Elcoteq's Board of Directors has decided to speed up the change of top management in the company. Jouni Hartikainen, MSc (Eng.), president, Asia-Pacific, takes up the position of president and 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. of Elcoteq Group on January 1, 2004. Jukka Jaamaa, LSc, currently president, Communications Network Equipment/Industrial Electronics, Europe, assumes the post of executive vice president of the company on the same date. Hartikainen and Jaamaa, whose appointments were announced on November 25, 2003, were originally scheduled to start in their new roles at the beginning of May 2004. Lasse a. & adv. 1. Less. Kurkilahti, Elcoteq's current president and CEO, is handling special duties assigned by the Board of Directors until the end of May 2004. About Elcoteq Network Corporation Elcoteq Network Corporation is a global electronics manufacturing services (EMS) company that focuses on Communications Technology products. Elcoteq ranks among the world's end-to-end solutions consisting of design, NPI NPI National Provider Identifier, see there (new product introduction), manufacturing, supply chain management, and post-sales services for the whole lifecycle of its customers' products. The company operates on three continents in 12 countries and has some 12,000 employees. Elcoteq's consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 2002 totaled approximately 2 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Elcoteq Network Corporation is listed on the Helsinki Exchanges. |
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