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Tecnotree’s CEO Ilkka Raiskinen resigns and Padma Ravichander is appointed Interim CEO

Tecnotree Corporation
Stock Exchange Release
18 April, 2016 at 11.30 a.m. EEST

Tecnotree assumes new leadership and appoints the Executive Vice President MEA & APAC Padma Ravichander as Interim CEO as of 18.4.2016. In parallel Harri Koponen assumes the role of Executive Chairman.

“The appointment of Padma Ravichander strengthens the execution of strategic measures followed by the debt restructuring process. Tecnotree aims to focus on customer satisfaction. Padma has a thorough understanding and close relationships in the markets and customers central to Tecnotree. The Dubai office where Padma is located is in the middle of a significant market to us and increases the interaction with the customers”, says Harri Koponen, Chairman of the Board.

Chairman Koponen thanks Ilkka Raiskinen for the leadership during the difficult transition time and for his contribution as the member in the Tecnotree Board before assuming the position of CEO. The Board wishes him the best of success in his further endeavors.

Padma Ravichander comments her appointment as follows: “I am excited and looking forward to the new challenges ahead. I hope that my experience managing successful global business will facilitate a new growth phase for Tecnotree”.

Padma Ravichander (56 years) has 35 years of experience in software industry. Ravichander has been with Tecnotree for a duration of 5 years. Previously she assumed a position as Head of the Unit of Consulting and Outsourcing at Mercer and assumed multiple leadership positions at Dell/Perot Systems and HP where she has managed and held global positions leading and delivering multimillion dollar businesses. Padma is a graduate of Stanford University as well as University of Concordia in Canada. Padma lives in Dubai with her family.


TECNOTREE CORPORATION

The Board of Directors

MORE INFORMATION
Harri Koponen, Chairman of the Board, tel. +358 40 1922464

DISTRIBUTION
NASDAQ Helsinki
Main Media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With around 1000 telecom experts, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com.