Tuesday, 30 March 2004

+++ New Organizational Chart Announced +++

Responding to the changes brought about in the financial, business and technological fields at an international as well as local level, INTRACOM, the largest state-of-the-art technology company in South-eastern Europe, reformed its business model as well as organizational chart. As Mr. George Deligiannis, INTRACOM's Managing Director, announced: "The purpose of reconsidering our organizational structure is to maintain continuous growth and profitability and implement our fundamental strategy for penetration and expansion in even more international markets. Since 1977, the year INTRACOM was established, the company has been identified with the most significant -historically speaking- investment ever made in Greece, in the development of large-scale integrated high-tech solutions. Our aim is to export Greek technology in even more markets around the world."

The new organizational chart involves:

Focusing on four (4) activity pillars, which are:
- Telecommunications
- Defense Electronics
- E-Government, and
- Banking and Finance

To cater for INTRACOM's customers, active in the above fields, six vertical (6) Strategic Business Units (SBUs) were formed. Each SBU consists of market development, products & services development, and project implementation as their main keystones. These Strategic Business Units are as follows:

1. Telecommunications - Access, Transmission & Terminals, Mr. A. Dimopoulos, General Manager
2. Telecommunications - Multiservice Networks, Mr. G. Votsis, General Manager
3. Telecommunications - Operations & Business Support Systems, Mr. J. Kalogeras, General Manager
4. Defense Electronics Systems, Mr. G. Troullinos, General Manager
5. E-Government Systems, Mr. S. Pomonis, General Manager
6. Banking & Finance Systems, Mr. D. Plagiannis, General Manager

• Establishment of the Support Service Unit (SSU) Strategic Accounts, focusing on customers of
  strategic importance in Greece and abroad, with the purpose of optimally coordinating
  customer care services provision. The Head of this Unit is the Managing Director himself,
  Mr. George Deligiannis.
• Establishment of the Support Service Unit (SSU) Marketing & International Operations, aiming
  at enhancing the Group's international course and presence, achieving strategic alliances, and
  promoting the corporate image both in Greece and abroad, with Mr. A. Manos as General Manager.
• Establishment of the Technical Operations & Customer Support SSU, which aims at upgrading
  the quality of services offered by the company to its customers, and at better capitalization on its
  resources, with Mr. S. Chatziagapis as General Manager.
• Upgrade of the Corporate Finance & Administration SSU, with the addition of new activities for
  the optimization of corporate governance with the purpose of creating a flexible and effective
  scheme towards ensuring prosperous conditions for development. Head of this unit is
  the Vice-President Mr. D. Klonis.
• Upgrade of the Human Resources SSU, with the addition of new activities, aiming at applying
  a modern evaluation and development policy of the company's human resources, which,
  as Mr. G. Deligiannis reported, "constitutes the company's primary asset and comprises of an
  excellent scientific team and executives of long-standing international experience".
  Mr. M. Prountzos is in charge of the Human Resources Department.

Within the framework of a uniform and comprehensive approach to the Group's strategic policy, a Corporate Strategy Committee was set up, coordinated by Mr. A. Anninos, General Manager. The Group's subsidiaries will also participate in this Committee with the purpose of establishing a common strategic ground and a uniform approach to know-how management and exploitation of synergies.

At the same time, the company is considering creating a new strategic business unit with the purpose of providing telecom services in Greece and in selected markets abroad.

The new organizational chart was announced in the presence of more than 150 top company executives. Mr. G. Deligiannis concluded his speech by inviting all executives to actively participate in this significant reorganization, whose, as he asserted, primary goal is to maximize value added for the clients, the shareholders, the partners, and the company's workforce.