2007-12-06

Tomas Duffy leaves Teligent

Tomas Duffy leaves Teligent AB as CEO and moves on to his own business. The board has decided that Jan Rynning, Chairman of the Board, will step in as acting CEO until a new CEO has been appointed. During this period Elisabet Annell will act Chairlady of the Board.

"Tomas has, since some time, stated that he wishes to leave the CEO position and a recruitment process is already in place" says Jan Rynning. "Teligent will do a reorganization of its business. The Board and Tomas Duffy have therefore agreed that it is more suitable if this will be executed by those remaining within the organization. During this year it has been critical to Teligent's restructuring to achieve a strong order intake and Tomas has played an important role in this first phase of Teligent's turn around".

"The time at Teligent has been interesting and challenging", says Tomas Duffy. "During 2007 we have increased sales and the delivery capacity has significantly improved. I will now move on to new challenges and have, together with the Board, concluded that it will not affect the company's ongoing turn-around negatively."

Tomas Duffy will be at Jan Rynning's disposal until a new CEO has been appointed.

Information about the company: Teligent AB