Nikolai Beckers, the new CEO of Romtelecom and COSMOTE Romania-Stefanos Theocharopoulos assumes the position of OTE Group Chief Technology & Operations Officer, Fixed & Mobile Telephony in Greece

Αthens, March 12, 2013 – The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3556/2007, 1/434/03.07.2007 Decision of the Hellenic Capital Market Commission, article 13 of Law 3340/2005 and 3/347/12.07.2005 Decision of the Hellenic Capital Market Commission, announces that:

Mr. Nikolai Beckers is appointed CEO of its Romanian subsidiaries Romtelecom and COSMOTE Romania, beginning April 1^st. Mr. Stefanos Theocharopoulos,  former Romtelecom and COSMOTE Romania CEO, will assume a new position within OTE Group as Group Chief Technology & Operations Officer for both Fixed & Mobile Telephony. InGreece, Mr. Theocharopoulos will be responsible for a team of over 6,000 employees. 

Mr. Beckers was T-Systems France CEO as of September 2011. He has wide experience in the field of telecommunications, IT&C, as well as the Internet and Social Media. Mr. Beckers began his career in 1989 at Deutsche Bank and has held a number of management positions as President and CEO of Deutsche TelekomFrance, Managing Director of Deutsche TelekomPhilippines, Financial Director at T-Online France. He was also CEO of DT's subsidiary in FYROM. Mr. Beckers holds an MBA from theUniversityofKöln,Germany.

Mr. Stefanos Theocharopoulos, COSMOTERomaniaCEO since January 2008 and Romtelecom Chief Executive Officer as of July 2011, joined OTE Group in 2002. He has held the position of OTEGlobe Business Development Executive Director, OTE Investment Services Executive Technology Director, as well as BoD member in a number of OTE Group companies. He holds a BEng in Electronic Engineer fromSussexUniversityas well as a M.Sc. in Mobile & Satellite Communications from theUniversityofWestminster.

OTE Group Chairman and CEO and Chairman of Romtelecom Board of Directors, Mr. Michael Tsamaz, stated: “Stefanos' contribution in the rapid growth of COSMOTERomaniaand Romtelecom's turn-around towards a modern and profitable organization has been pivotal. Equally significant will be his new role in OTE Group's transformation process, with focus on maximizing network operations efficiency and optimizing customer services quality”. Mr. Tsamaz wished Mr. Beckers every success inRomania, and added: “With a long and successful track record within Deutsche Telekom Group, Nikolai Beckers comes toRomania, bringing valuable experience from international markets. I am confident that he will contribute to the positive course and further progress of our operations inRomania, a significant market for the Group, at the same pace”.