Telit Communications announces Paolo Pino to its Board of Directors as Independent Chairman

– UK, London – Telit Communications PLC (AIM:TCM), a global enabler of the Internet of Things, has resolved to appoint Paolo Dal Pino as independent non-executive Chairman, with effect from 1 September 2018 following completion of customary and routine regulatory due diligence.

Simon Duffy, who was appointed interim Chairman on 25 June 2018, will step down from the Chairman role and revert to his position as the senior independent non-executive director.

Miriam Greenwood, who was reappointed to the Board on an interim basis on 25 June to ensure the Board and its committees remained quorate, will step down on 1 September as intended when she was reappointed.

Paolo has held a number of executive, operational and financial roles across a range of multinational businesses.

Until January 2018, he was CEO of Prometeon Tyre Group, the industrial tyre business divested from the Pirelli Group. Previously he was President of Pirelli America Latina for five years.

He has more than 25 years’ experience in the TMT industry. He has been senior advisor to the Dutch private equity boutique Cyrte Investments, which focuses on international investments in the media and technology industry; Chief Executive Officer of Wind, the third Italian mobile operator and the second wireline and broadband operator; President of the Latin American operations of the Telecom Italia Group; President of Tim Brazil and Chief Executive Officer of the Seat Group.

He has also held roles in Telecom Italia, Espresso Group, Mondadori/Verkerke Group and Fininivest Group.

Simon Duffy, Interim Chairman, commented: “In line with our statement on 25 June, we have taken aboard the views of our shareholders following our AGM and regarding the appointment of a permanent Chairman.

“We are delighted to announce that, at the conclusion of that process, Paolo will be joining as Chairman. He has considerable expertise gained in a number of leading multinational corporations across a range of sectors and will bring a wealth of valuable experience to the Board.

“The Board is very grateful to Miriam for stepping into the breach following the AGM and greatly appreciates the contribution she has made.”

Paolo Dal Pino said: “I am delighted to be joining the Board at this important juncture in Telit’s development and I look forward to working with the management and Board on the next stage of Telit’s journey.

“Along with artificial intelligence and robotics, IoT will be one of the most dynamic industrial sectors in the coming years and Telit is very well-positioned to leverage its considerable strengths, in terms of people and technology, and to compete effectively in the sector.”

For more information : http://www.telit.com

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