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Wavecom Announces Management Changes; Enhanced Senior Management Team To Implement New Strategy and Sharpen Market Focus.

Publication: Business Wire
Publication Date: 24-JAN-03
Format: Online - approximately 1169 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--Jan. 24, 2003

Wavecom SA (Nasdaq:WVCM); (Euronext Nouveau Marche:7306), the world's number one provider of integrated wireless modules, today announced a change in the roles of the company's Chairman and its Chief Executive Officer, as well as a number of changes to its senior management team, including the appointment of three new senior executives.

A first step in the implementation of a new corporate and market strategy, the changes reflect Wavecom's ability to adapt its organization to the evolutions of the market environment and its increased focus on best practices for Corporate Governance.

Chairman and CEO Roles

Wavecom considers that the proper functioning of the company is an essential element and driving force in its development. Wavecom's Board of Directors has therefore decided that the company shall formally adopt the dual form of general management, which calls for the complete separation of the roles of Chairman and CEO.

The Board confirmed Michel Alard as Chairman, responsible for representing the Board.

The Board confirmed Aram Hekimian as sole Chief Executive Officer,...

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