HELLENIC TELECOM. ORG.

Announcement of Regulated Information

The Hellenic Telecommunications Organization SA (OTE SA) announces that, as of 17th February 2011 the following organizational changes will be in effect:
A. Mr. Zacharias Piperidis reporting to the Chairman & CEO will assume the position of Chief Operating Officer of OTE Group of companies responsible for:
- The Chief Commercial Officers for Residential Customer Division, for Enterprise and Business Services Division and for Wholesale Customers Division of OTE
- COSMOTE Commercial Division
- Customer Service Division for Group OTE whereby Customer Service OTE (Call Centers) and Customer Service Division of COSMOTE will now reside
- Technical Division of COSMOTE
- Subsidiaries OTE-Globe, Hellas Sat & Hellas Sat Consortium, Voicenet, and OTEsat-Maritel
Mr. Piperidis will also assume the interim positions of Chief Commercial Officer of Enterprise and Business Services and Chief Commercial Officer of Residential Customers of OTE and will continue to maintain the position of Chief Commercial Officer of COSMOTE.
Mr. Christos Katsaounis who held the position of Chief Commercial Officer of Residential Customers of OTE will assume the position of General Director of OTEPlus.
B. Mr. Athanasios Stratos reporting to Mr. Piperidis will assume the position of Director of Customer Service of Group OTE and will continue to maintain the position of Director of Customer Service of COSMOTE.
C. Mr. Georgios Athanasopoulos reporting to the Chairman & CEO will assume the position of Chief Information Technology Officer of Group OTE responsible for:
- Chief Information Officer of OTE and
- Operations and Information Systems Division of COSMOTE
Mr. Athanasopoulos will also assume the interim position of Chief Information Officer of OTE and will continue to maintain the position of Chief Officer of Operations and Information Systems of COSMOTE.
D. Mr. Elias Drakopoulos reporting to the Chairman & CEO will assume the position of Chief Technology and Operations Officer of OTE responsible for the Chief Technology Officer and Chief Regional Officer of OTE as well as the subsidiary HellasCom.
Mr. Drakopoulos will assume the interim positions of Chief Technology and Chief Regional Operations Officers of OTE.
E. Mr. Konstantinos Liamidis reporting to the Chairman & CEO will assume the position of Chief Officer of International Affairs for OTE Group responsible for the following subsidiaries: ROMETELECOM, COSMOTE Roumania, GLOBUL and AMC.
Mr. Liamidis will continue to maintain the position of General Manager/Business Consultant of COSMOTE.
F. Mr. Kevin Copp, Chief Financial Officer of OTE Group will be responsible for Mr. George Mavrakis, Chief Financial Officer of OTE and subsidiaries OTE Estate, OTE Insurance, CosmoOne, OTE PLC
G. Mr. Loizos Kyzas, Chief Human Resources Officer of OTE will be responsible for the subsidiaries of OTE Academy and OTEPlus.
H. Mr. Andreas Karageorgos who held the position of Chief Officer for Regions, Mr. Konstantinos Kappos who held the position of Chief Information Officer and Ms. Maria Efthimerou who held the position of Chief Technology Officer will be leaving the company.
Mr. Theofanis Tsiokris and Mr. Konstantinos Zontanos CEOs of OTEPlus and HellasCom respectively will be leaving their posts as CEO subsequent to each company's corporate governance processes.
Mr. Tsamaz thanks all of the officers leaving OTE Group of companies for their many years of service and wishes all the best to the new appointees.