TECNOTREE APPOINTS KAJ HAGROS AS PRESIDENT AND CEO AS OF NOVEMBER 1, 2010

The Board of Directors of Tecnotree has appointed Mr. Kaj Hagros as President and CEO of the company as of November 1, 2010. The interim President and CEO Mr. Eero Mertano will leave his position on October 31.

Prior to joining Tecnotree, Kaj Hagros served as Managing Director and Chief Operating Officer at Fox Mobile Group, a wholly-owned division of News Corporation (NASDAQ: NWS).

”Kaj Hagros brings in an unusually broad telecom IT expertise accumulated through management positions in large organizations such as Nokia and News Corp, as well as entrepreneurial growth companies. This coupled with his global exposure and inspirational leadership makes the profile the board was looking for. We are convinced Kaj has the skill set to further build Tecnotree as a core IT solutions supplier for telecom operators and service providers across our key markets in Europe, Africa, Middle-East, Latin America and Asia-Pacific”, says Hannu Turunen, Chairman of the Board.

Hannu Turunen adds: "The whole Board of Directors joins me in thanking Eero Mertano for his years at Tecnotree in various executive positions. He has been deeply involved in developing the company and its operations. His dedication and contribution throughout the years has been exceptional. The Board wishes him every success in the future pursuits he has chosen."

Kaj Hagros comments on his appointment: ”I am excited about this opportunity and will put my experience and energy in growing the business to the next level. The role of the telecom operators has fundamentally changed during the past years, and I see that Tecnotree is ideally positioned to help operators address new opportunities in the converging world.”

Biography of Kaj Hagros

Kaj Hagros (39) has over 15 years of experience in the software and mobile industries with management positions in sales, marketing, and operations in Europe, US and Asia-Pacific. During last 9 months he has advised the Tecnotree strategy process. Prior to joining Tecnotree, Kaj Hagros served as Managing Director and Chief Operating Officer at Fox Mobile Group, a wholly-owned division of News Corporation (NASDAQ: NWS). Earlier Hagros worked for 6 years for First Hop, and continued with Airwide Solutions that acquired the company. Kaj Hagros began his career at Nokia Networks, ending his 7-year-tenure as the Head of Strategy and Business Development for Mobile Internet Applications. Hagros has a M.Sc. (Eng) degree in at the Helsinki University of Technology and the Trium MBA from the London School of Economics and Political Science, the Paris HEC School of Management and from New York University’s Leonard N. Stern School of Business. Kaj Hagros is Finnish by nationality, and lives in Helsinki with his wife and two children.

Source: www.tecnotree.com