ADB Group announces a new management team structure
(Thomson Reuters ONE) -
ADB Holdings S.A. /
ADB Group announces a new management team structure
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Geneva - 21 March 2011
Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) announces today a new
composition and responsibilities for its Executive Committee.
Mr. Andrew Rybicki will continue as Chairman and Group CEO. Mr. Krysztof
Bilinski, EVP, will be heading a new Broadcast Division. Mr. Francesco
Schiavinato, EVP, will head the new Broadband Division. Both divisions combine
business activities from all product ranges of the Group. Mr. William Luehrs,
Group CAO, will take over the emerging business activities in addition to his
current duties. Mr. Alessandro Brenna, Group CFO and Ms Belinda Wong, EVP
Finance, will continue in their current roles.
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 announces a new management team structure:
http://hugin.info/136393/R/1498401/434008.pdf
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originality of the information contained therein.
Source: ADB Holdings S.A. via Thomson Reuters ONE
[HUG#1498401]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 06:11 Uhr
Sprache: Deutsch
News-ID 52584
Anzahl Zeichen: 6465
contact information:
Town:
Chambesy
Kategorie:
Business News
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