Veränderungen im LHS-Management, LHS ->ARIVA

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06.08.99 02:06

748 Postings, 8170 Tage hugoVeränderungen im LHS-Management, LHS ->ARIVA

LHS in USA aktuell 33 1/2 Dollar, in Deutschland 28,80 Euro.
Na denn auf zu den 35 Euro!

August 05, 1999 16:28

Jerry Braxton, CFO of LHS Group to Retire
LHS appoints Peter Chambers as successor

LHS Group Inc. (NASDAQ: LHSG)(Neuer Markt: LHI) today announced that Jerry Braxton, Executive Vice President and CFO, who helped build the company in three years from a 20 million dollar operation to its current size, will retire effective the end of the year. He will continue to serve on the Board of Directors.

Peter Chambers will assume the role of Executive Vice President and CFO, effective September 7, 1999. To ensure a smooth handover of his duties, Jerry Braxton will continue to work parallel with Peter Chambers during the transition period.

"My tenure with LHS has been a very satisfying and enjoyable experience and I am thankful to have been part of LHS' success story," said Jerry Braxton, who has been LHS' CFO since 1996. "I am looking forward to a more relaxed lifestyle, whereby I can spend more time with my aged parents, my daughter and my beautiful granddaughter. Retirement affords me more opportunity to do the things that I've always wanted to do but never had the time."

Hartmut Lademacher, LHS Chairman and CEO comments, "I express my profound appreciation to Jerry Braxton, who has helped build a solid foundation for our company. He has been an integral part of our executive team and we will continue to benefit from his experience and intimate knowledge of our company through his contribution as a member of our Board. At the same time, we are delighted to have Peter Chambers join LHS. He brings with him a wealth of international experience and perspective in our industry and will be a tremendous asset to LHS as we continue to grow."

Peter Chambers joins LHS from PT Excelcomindo, an Indonesian wireless service provider owned by an international consortium, which includes Bell Atlantic and Rajawali Corporation. As Vice President and Director of Finance he was responsible for finance, planning, strategy, corporate governance and administration. Mr. Chambers also served on the Board of Excelcomindo as Director of Strategy and Finance. Prior to joining PT Exelcomindo, Mr. Chambers was with Coopers & Lybrand Consulting for six years, most recently as Executive Director in charge of the Telecommunications Practice - East Asia. Among his key clients were Telstra, Hong Kong Telecom, US West and AT&T. He joined Coopers & Lybrand from KPMG where he specialized in finance and the telecommunications industry. Mr. Chambers holds a Bachelor of Finance degree from Royal Melbourne Institute of Technology in Melbourne, Australia, and is a Chartered Accountant (CPA equivalent).

"LHS has established itself as a significant and quality player in the telecom industry. What attracts me to LHS is the way it sees itself supporting and growing with its clients. It has a clear vision of its role in the industry and LHS management knows what it takes to get there. I look forward to bringing my international and telecommunications experience to the LHS executive team and to be part of an exciting future," emphasizes Peter Chambers.


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