ADB Group reports a change in its management structure
(Thomson Reuters ONE) -
ADB Holdings S.A. /
ADB Group reports a change in its management structure
Processed and transmitted by Thomson Reuters.
The issuer is solely responsible for the content of this announcement.
Geneva - 14 March 2011
Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) announces today a change in
its executive management team. Mr. Francois Pogodalla, the Chief Executive
Officer of ADB S.A., and the Deputy CEO of the ADB Group, will leave the company
on March 14, 2011. Mr. Pogodalla, who carried out his duties of the CEO since
July 2008, is leaving the company by mutual agreement.
Mr. Andrew Rybicki, ADB Group CEO and the Chairman of its Board of Directors,
will assume the role and responsibilities of CEO of ADB S.A. on an interim
basis. Mr. Rybicki, on behalf of ADB Group and himself, wishes to express his
thanks to Mr. Pogodalla for his numerous and important contributions over the
last five years, and wishes him all the best in his future endeavours.
This press release and further information on ADB Group can be found on the
Group's website at www.adbholdings.com
For further information please contact:
Tina Nyfors
Senior Vice President
Investor Relations and Group Communications
Tel: +41 22 592 8433
t.nyfors(at)adbglobal.com
-end-
About ADB Group (SIX: ADBN)
ADB Group (www.adbholdings.com) was founded in 1995 and is a leading developer
of solutions required to view and interact with digital TV broadcast through
cable, satellite, terrestrial and IP networks. The Group sells a broad range of
products and services,, including software, consumer premises devices, system
integration and after sales services, The development and sales of the Group's
products and services are conducted through the brands ADB (www.adbglobal.com)
and ADB Broadband (broadband.adbglobal.com) and Vidiom Systems (www.vidiom.com).
This press release contains forward-looking statements. You are cautioned that
any such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those in the forward-looking statements as a result of various factors,
among which:
* future developments of the world digital TV market, in particular the future
demand for digital TV products in the key markets and from key customers
served by our Group;
* pricing pressures, competitive market situation;
* our and the industry's capability to successfully and timely innovate and
develop challenging technology, and our capability to hire and retain high-
level employees;
* changes in the exchange rates between the US$ and the main other operating
currencies of the Group, including the Euro and the Polish Zloty;
* our ability in an intensive competitive environment, to continue securing
orders from existing or new customers and to achieve our pricing
expectations for volume supplies of new products in whose development we
have or are currently investing;
* the ability of our suppliers to meet our demands for supplies, qualitatively
or quantitatively, and to offer competitive pricing;
* our gross margin could vary significantly from expectations based on changes
in revenue levels, product mix and pricing, changes in unit costs, and the
timing and execution of shipments ramp-ups;
* changes in the economic, tax, social or political environment, including
import and other duties, military conflict, terrorist activities, as well as
natural events such as severe weather, health risks, epidemics or
earthquakes in the countries in which we, our key customers and our
suppliers operate;
* our ability to obtain required licenses on third-party intellectual property
on reasonable terms and conditions, the impact of potential claims by third
parties involving intellectual property rights relating to our business, and
the outcome of litigation;
* the results of actions by our competitors, including new product offerings
and our ability to react thereto;
Advanced Digital Broadcast Holdings SA undertakes no obligation to publicly
update or revise any forward-looking statements. Advanced Digital Broadcast
Holdings SA reserves the right to amend the information at any time without
prior notice.
The information contained in this press release may not be considered as being a
substitute for economic, legal, tax or other advice and you are cautioned to
base investment decisions or other decisions on the content of this release. You
are recommended to consult your investment advisers or other advisers prior to
making any decision.
This press release is not an offer of securities for sale or a solicitation to
invest in Advanced Digital Broadcast Holdings SA securities. In particular, it
is not an offer of securities for sale in the United States of America, its
territories and possessions. Securities may not be offered or sold in the
United States absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Advanced Digital Broadcast Holdings
S.A. does not intend to register its securities in the United States of America.
--- End of Message ---
ADB Holdings S.A.
Avenue de Tournay 7 Chambesy Switzerland
ISIN: CH0021194664;
ADB Group reports a change in its management structure:
http://hugin.info/136393/R/1496577/432308.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ADB Holdings S.A. via Thomson Reuters ONE
[HUG#1496577]
Unternehmensinformation / Kurzprofil:
Datum: 14.03.2011 - 06:01 Uhr
Sprache: Deutsch
News-ID 52390
Anzahl Zeichen: 6680
contact information:
Town:
Chambesy
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 206 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ADB Group reports a change in its management structure"
steht unter der journalistisch-redaktionellen Verantwortung von
ADB Holdings S.A. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
