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13 May
2008 Top Executive
Succession In Boss Media Boss Media's
Michael Hallén announced his succession to
Rahul Parekh yesterday 7th May during the 1Q
company review. Hallén is handing over
Boss
Media in
a great shape with increasing net sales, royalty
revenues and operating profits. After having
successfully achieved the main business plan
objectives for 2008; Hallén is formally
handing over to Parekh as of the next Board Meeting
on 13 May. Jan Stocklassa, the Chairman of Boss
Media Board of Directors adds: "Michael has been a
great leader and made significant achievements for
Boss Media. We strongly regret to see him
leave". Being integrated
with the leading gaming technology and services
company GTECH and part of a larger family brings
many opportunities for the customers and employees
of Boss Media. Our clients will benefit from a
larger product portfolio and a stronger
international presence; there will also evolve more
opportunities for our employees. On 27 February
2008 Boss Media was acquired by GEMed, in which
GTECH holds a majority of voting shares of
approximately 87,5%. Boss Media is part of GTECH's
New Media and Sports Betting Business together with
Finsoft Ltd and St Minver Ltd. The new Top
Executive Rahul Parekh is currently leading this
division in Asia as well as Strategy for China and
India. Previously he has managed the
Lottomatica-GTECH group Corporate Development in
Asia and holds a MBA (International Finance).
Parekh adds "I am excited to take this new
challenge on. Our business plan and objectives to
continue integrating Boss Media into GTECH and the
new division remain". During the 1Q
company review Hallén summarizes his
management period at Boss Media: "I have enjoyed
working at Boss Media from day one. I leave Boss
Media very proud of what we have achieved together.
As I see it GTECH brings stability, growth,
internationalization and new significant
opportunities to Boss Media". |
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