The Board of Thomson Announces the Appointment of Frederic Rose As CEO
Posted on: Thursday, 24 July 2008, 03:00 CDT
The Board of Thomson announces the appointment of
Frederic Rose as CEO
Paris, 24 July 2008 - The Board of Directors of Thomson (Euronext Paris: 18453; NYSE: TMS) yesterday unanimously approved the appointment of Frederic Rose as the Group's new CEO. He will also join the Board of Directors.
Frederic Rose, 46 and a French/American national, will join the Group on 1 September from Alcatel-Lucent where he was President of that company's Europe, Asia and Africa Region and a member of Alcatel-Lucent's Executive Committee. He has gained extensive international experience during his 15 years with Alcatel-Lucent and has a strong working knowledge of businesses and markets close to those of Thomson.
Commenting on the appointment, Mr. Francois de Carbonnel, Chairman of Thomson, said today:
"We're delighted that Frederic Rose will join the Group as CEO from the beginning of September. His appointment comes as a result of a competitive search process that clearly identified him as having the qualities we were looking for. These include his international business background, a familiarity with the opportunities and challenges in our sector, and strong team-building credentials. He has the youth and energy to drive Thomson forward and the Board looks forward very much to working with him."
Commenting on his appointment, Frederic Rose said:
"Thomson has undoubted technological excellence, leading market positions worldwide, and an excellent client list in exciting sectors. The opportunity to lead a company with such potential is rare indeed so I'm truly delighted to become Thomson's CEO. My priority with the management team will be to ensure that the Group fulfils its potential. We will look to capitalise on its strengths and seize the opportunities that rapidly evolving technologies in a fast changing world produce. I have no doubt that Thomson is capable of rebuilding significant and sustainable value for its shareholders and other stakeholders over time."
Francois de Carbonnel, added:
"I would like to take this opportunity to express the Board's unanimous thanks to Julian Waldron for his stewardship of the Group over the last few months. As well as significant progress on strategically important initiatives such as the restructuring of the silicon business, Julian has also ensured that the Group's management maintained its focus on the business of winning contracts and serving clients. Accordingly, we are confident that he and Frederic Rose will form a highly effective team to take the Group forward."
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Prior to joining Thomson, Mr Rose has been President of Alcatel-Lucent's Europe, Asia and Africa Region and a member of Alcatel-Lucent's Executive Committee. Prior to that, he was President of Alcatel-Lucent's Asia Pacific region, Mr. Rose managed a diverse team of 15,000 staff operating across 18 countries and led the region to achieve double-digit growth during his tenure. He also held the position of President of Alcatel Shanghai Bell, Alcatel-Lucent's flagship joint venture in China. Mr. Rose has acquired extensive global experience working in the US, Europe and Asia. During his 15-year career with Alcatel-Lucent, Mr. Rose has established a track record of building winning teams. He is a graduate of the Georgetown University School of Foreign Service and the Georgetown University Law Centre and is fluent in English, French and Dutch.
Certain statements in this press release, including any discussion of management expectations for future periods, constitute "forward-looking statements" within the meaning of the "safe harbor" of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements due to changes in global economic and business conditions, "media and entertainment" markets, and regulatory factors. More detailed information on the potential factors that could affect the financial results of Thomson is contained in Thomson's filings with the U.S. Securities and Exchange Commission.
About Thomson: the worldwide leader in video solutions
Thomson (Euronext Paris: 18453; NYSE: TMS) is the world leading provider of solutions for the creation, management, delivery and access of video, for the Communication, Media & Entertainment (CME) industries. Our clients are studios, broadcasters, network operators (telcos, broadband, satellite and cable operators) and an increasing range of professional users of videos.
We deliver superior value to our customers through a unique combination of industry leading technologies, systems and services, enabling us to offer differentiated and innovative end-to-end solutions based on a broad portfolio of Intellectual Property.
At the cross-roads of the CME industries, leveraging our core competencies in video but also audio, data and voice, we enable our customers to take advantage of the growth opportunities brought on by the digital convergence revolution. For more information: http://www.thomson.net.
+-------------------------+-------------------+------------------ --+ |Press Relations Thomson | | | +-------------------------+-------------------+--------------------+ |Martine Esquirou | +33 1 41 86 58 51|martine.esquirou@tho| | | |mson.net | +-------------------------+-------------------+--------------------+ |Linda Balti | +33 1 41 86 65 24|linda.balti@thomson.| | | |net | +-------------------------+-------------------+--------------------+ |Caroline Ponsi | +33 1 41 86 61 11|caroline.ponsi@thoms| | | |on.net | +-------------------------+-------------------+--------------------+ |Investor Relations | | | |Thomson | | | +-------------------------+-------------------+--------------------+ |Laurent Sfaxi | +33 1 41 86 58 83|laurent.sfaxi@thomso| | | |n.net | +-------------------------+-------------------+--------------------+ |James Johnson | +33 1 41 86 61 48|james.johnson@thomso| | | |n.net | +-------------------------+-------------------+--------------------+ |Linda Lovichi | +33 1 41 86 51 00|linda.lovichi@thomso| | | |n.net | +-------------------------+-------------------+--------------------+
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SOURCE: THOMSON
Source: MARKET WIRE
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