Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, today announced the appointment of Mr. Panagiotis Tambourlos as Chief Financial Officer of its fixed-line operations. Last April, OTE stated its intention to hire a fixed-line CFO within the framework of the new business structure currently being implemented.

Since his appointment last April as OTE Group CFO, Iordanis Aivazis temporarily assumed the functions of Fixed-Line CFO in addition to the management of OTE finances at the Group level, on which he will now be able to concentrate. Panagiotis Tambourlos, 51, was born in the city of Messini; he is married with two daughters.

Mr. Tambourlos graduated from Piraeus University and holds an MBA from McGill University in Montreal, Canada. Since 1980, he has worked in the finance department of several multinational groups, including Milchem International, Hilti S.A., American Express and I.C.I. His most recent assignment was with Warner Lambert, a subsidiary of Pfizer, where in the past three years he was CFO of the consumer products divisi on for Europe, Middle East and Africa, based in Athens.