FLAG Telecom Announces Additional Management Appointments
24 February 2000
London, - FLAG Telecom (Nasdaq: FTHL; LSE: FTL), a leading
independent global carriers' carrier, today announced additional
appointments to the company's management team. FLAG Telecom owns
and operates the FLAG (Fiberoptic Link Around the Globe) Europe-Asia
cable system, stretching 28,000 km from the UK to Japan and provides
an innovative range of products and services to the international carrier
community, Internet Service Providers and other telecommunications
companies. With the planned addition of FLAG Atlantic-1, a multi
terabit/s transoceanic dual cable system designed to offer fully protected
services between Paris, London and New York, the company will operate
enough fibre to encircle the globe.
Effective today the following organisational changes are announced:
Mr Edward McCormack, previously CFO has been promoted to Chief
Operating Officer (COO) and CFO with responsibility for regional offices,
sales, marketing, development of wholesale services and finance. Owen
Best, Vice President Asia; Walid Irshaid, Vice President Middle East and
Africa; and Soraya Tarrant, Vice President Americas will report to Ed
Mr Louis Eslami has joined the company as Vice President Europe,
reporting to Ed McCormack. Louis was previously Vice President Sales
and Marketing, GTS, with responsibility for their wholesale business
world-wide. He has over 15 years sales and marketing experience in the
telecommunications industry, and was formerly with MCI and Sprint. Mr
Eslami replaces Mr Eberhard Plattfaut, who will report to Ed McCormack
as Vice President, Special Projects.
Mr Larry Bautista, previously Treasurer, has been promoted to Deputy
Chief Financial Officer (CFO), reporting to Ed McCormack. He will be
based in London.
Mr Andrew L Evans, previously Vice President Strategy and Marketing,
has been promoted to Executive Vice President Strategy, with
responsibility for overall strategy and growth projects.
Mr John L Draheim, previously Project Director, FLAG Atlantic-1 has
been promoted to Vice President Administration and Communications.
Mehrdad Mansourpour, Chief Information Officer; Rick Scholes, Director
of Human Resources; and Jane Windsor, Director of Communications will
report to John Draheim. FLAG Altantic-1, currently on schedule and
within budget, is expected to enter commercial service in March 2001.
"John has demonstrated considerable project skills in delivering
FLAG Atlantic-1 to plan as we continue to implement this state of the art
system. Now that we have passed many critical milestones we have
asked him to bring his experience to other key company functions.
Overall management of the project will be transitioned, uninterrupted as
the FA-1 cable project progresses," commented Andres Bande,
Chairman and CEO, FLAG Telecom.
Mr Samih Kawar, previously Vice President Operations and Maintenance
has been promoted to Executive Vice President Operations, with
responsibility for operations, maintenance and construction of the FLAG
Mr Michael Hall is joining the company as Project Director, FLAG Atlantic-
1, reporting to Samih Kawar. Michael joins from GEC Marconi, where he
was Manager of Projects. He has over 28 years experience in the
submarine projects business, particularly with STC and Alcatel. He will
be based in London.
Andres Bande, Chairman and CEO, FLAG Telecom, said, "The
promotion of Ed to Chief Operating Officer while retaining his CFO
responsibilities, and the appointments of Louis and Michael will
strengthen the management team. The new management reporting
structure announced today will provide the right framework to allow us to
better execute our plans and our growth initiatives. Messrs Eslami and
Hall are leading international telecommunications professionals with the
proven track records necessary to be successful in our operating arena. I
am delighted to welcome them to the team."
The FLAG Telecom network is designed to meet the growing demand for
international communications services and provide carriers with a world-
class broadband superhighway. Today, the company has an established
customer base of over 90 international operators, including 17 of the top
20 international carriers based on traffic volume*.
The FLAG Telecom network is currently comprised of:
(1) The FLAG Europe-Asia cable, the world's longest independent digital
fibreoptic undersea cable system, which spans what is considered the
most difficult route of any cable system in the world, and took 27
months and required approximately 4,000 permits to install. FLAG
Europe-Asia currently has 16 operational landing points in 13
countries on three continents and offers direct connectivity to over 75
percent of the world's population.
(2) Terrestrial connections between FLAG Telecom's landing stations in
the United Kingdom and Spain to the city centres of London and
Madrid, and intra-European connection from London to Paris,
Brussels, Frankfurt, Amsterdam, Berlin, Zurich, Milan and several
other major European metropolitan areas which FLAG Telecom has
acquired the right to obtain through contractual arrangements with
other facilities based bandwidth capacity providers.
(3) FLAG Atlantic-1, the company's latest venture now under
construction, which is designed to be the world's first multi-terabit/s
transoceanic dual cable system offering fully protected services
between Paris, London and New York. The system will be a triple-
ring, dual cable system, connecting the East Coast of the United
States, with nodes in the heart of New York to two landings in Europe
- one in Brittany, France and the other in Cornwall, UK, with city
nodes in Paris and London. Customers will be able to add traffic
either at the shore landing stations or the city nodes. The planned
three self-healing rings are designed to provide secure end to end
circuits to most of the major world business centres. FA-1 is expected
to enter commercial service in Q1 2001, and will connect to the FLAG
Europe-Asia cable system in Cornwall, UK. FA-1 is being built as a
50:50 joint venture with GTS.
Statements contained in this Press Release which are not historical facts may be
forward-looking statements, as the term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially from
those currently anticipated due to a number of factors, which include, but are not
limited to: the Company's ability to achieve revenues from products and services
that are in the early stages of development or operation, the Company's
completion of FLAG Atlantic-1 within budget and on time, the Company's ability
to deploy sophisticated technologies on a global basis, the Company's ability to
upgrade and expand its network and respond to customer demands and industry
changes, regulatory enactments and changes, competition and pricing pressure,
rapid technological change, adverse foreign economic or political events and
other factors that are discussed in the Company's Registration Statement on
Form F-1 filed with the Securities and Exchange Commission.