Ascom looks forward as a one business company with a clear focus on healthcare ICT and mobile workflow solutions

Oct 3, 2016

Divestment of the Network Testing Division successfully completed
Based on the communicated signing for the divestment of the Network Testing Division to InfoVista (www.infovista.com) in August 2016, the transaction was successfully closed on 30 September 2016. Accordingly, Rikard Lundqvist, General Manager of the Network Testing Division, has stepped down as a member of the Executive Board of the Ascom Group as of 30 September 2016. The Board of Directors thanks him for his many years of valuable services for Ascom.

Ascom aligned as a one business company as of 1 October 2016
As a consequence of the divestment of the Network Testing Division, Ascom is now a one business company focused on healthcare ICT and mobile workflow solutions. The new organization is increasing agility and alignment with customer needs, and shall allow economies of scale especially in functional and global platform areas. The OneCompany program under execution will lead to a significant lower cost base.

Ascom is managed by the Executive Board, with the support of the Executive Committee as extended panel. Effective 1 October 2016, the Executive Board consists of Holger Cordes (CEO), Claes Ödman (COO), Bianka Wilson (CFO), and Francis Schmeer (Executive Vice President Marketing & Business Development).

Claes Ödman, former General Manager of the Wireless Solutions Division, is now Chief Operating Officer and responsible for Systems and global operational activities. In addition, Francis Schmeer takes over the responsibility for Marketing.

The Executive Committee has been strengthened with the appointment of two new members André Neu, appointed as Senior Vice President Platform Solutions, is the former Head of Edge IP Development at Cerner Europe and has a very solid expertise in Sales, Management and Leadership as well as a deep knowledge in IT technologies. André Neu joins the Executive Committee together with Tim Whelehan, Vice President Sales North America, who is leading the North American business successfully since 2014.

Accordingly, the Executive Committee, effective 1 October 2016, consists of the members of the Executive Board as well as Judith Bischof (General Counsel), Daniel Lack (Company Secretary & Communications), André Neu (Software Platforms) and Tim Whelehan (Sales North America).

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This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).