Atlanta 12/18/2015 8:00:00 PM
News / World

MissionIR News - Elephant Talk Communications (ETAK) Initiates Restructuring of Global Business Operations with Executive and Board Appointments

MissionIR would like to highlight Elephant Talk Communications Corp. (NYSE: ETAK), providing mobile proprietary Software Defined Network Architecture (ET Software DNA® 2.0) platforms for its growing base of strategic partners and clients, which includes some of today's world-leading MNOs and technology companies, including Vodafone, T-Mobile, Zain, HP and Affirmed Networks.

In the company’s news,

As part of its efforts to restructure its global business under recently appointed executive chairman Hal Turner, Elephant Talk Communications Corp. (NYSE MKT: ETAK) recently announced a series of executive and board appointments. These appointments are expected to be the first in a number of critical improvements to the company’s organizational structure designed to boost Elephant Talk’s business operations, technological developments and ability to deliver the best services and support to its rapidly expanding customer base.

The executive appointments and transitions include:

Gary Brandt has been named chief restructuring officer and will be responsible for leading the transition and reorganization of Elephant Talk’s global operations. Brandt brings more than three decades of experience in C-level and executive finance leadership with several public companies in the technology space.
Armin Hessler, formerly co-president of the company’s mobile platform business, will now serve as Elephant Talk’s chief operating officer.
Robert Skaff, founder of DiNotte Lighting Hampton, has been elected as a new independent director, assuming the position formerly held by Jaime Bustillo.
Tim Payne, current president of Elephant Talk North America (ETNA), has stepped down as the company’s interim chief executive officer. Payne will continue to serve as president of ETNA.
“When I assumed the role of executive chairman last month, one of my first priorities was to undertake an extensive, top to bottom review of the company,” Hal Turner, executive chairman of the board of Elephant Talk, stated in the news release. “With Gary Brandt’s appointment to lead the restructuring and the expansion of Armin Hessler’s responsibilities, we are building a foundation of world-class leadership to run our global business operations that will complement Elephant Talk’s world-class technology.”

The company expects to continue its restructuring efforts by announcing additional executive appointments during the first half of 2016.

Hal Turner was appointed to the position of executive chairman last month. He brings more than 40 years of international C-level global telecom and communications experience to Elephant Talk, including extensive experience as an executive with major wireless and wired operators. Notably, he served in senior sales and marketing roles at AT&T (NYSE: T) and as the president and chief operating officer of BellSouth Communications, Inc. prior to its merger with AT&T.

Elephant Talk is a leading international provider of mobile networking software and services. Leveraging software-defined networking, network function virtualization and cloud technologies, the company has developed a suite of products that are at the leading edge of performance and reliability in the rapidly evolving mobile telecommunications industry.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.