Hellenic Telecommunications Organization SA, the Greek full-service telecommunications provider, announces that its BoD member Mr. Hamid Akhavan has submitted his resignation, as a result of his departure from the Deutsche Telekom Group. Following the submitted resignation, OTE’s Board of Directors’ meeting, held today, elected Mr. Rainer Rathgeber as new member of the BoD, in replacement of Mr. Hamid Akhavan, for the rest of the latter’s tenure and with the same capacity.

Short CV of Mr. Rainer Rathgeber

Mr. Rainer Rathgeber, member of Cosmote’s Board of Directors since July 2009, was born in 1964, and has been a member of the Deutsche Telekom Group since 2002. Currently he is Senior Vice-President for Marketing in SE Europe and for the area management of the OTE Group. Until September 2009 he held the position of CEO of Mobile Hrvatski as well as the position of COO Mobile of Telekom Hrvatski Board. Prior to joining the Deutsche Telekom Group, he had worked for prominent consulting firms, such as A.T. Kearney and Roland Berger in Germany and Latin America. Mr. Rathgeber holds a Masters degree in economics from the University in Passau, Germany.