COLT Board and Committee changes
Until December 2008, Mr Giacoletto was Executive Vice President of Oracle Corporation, Europe, Middle East and Africa. Prior to joining Oracle in 1997, he was President, Value Added Services at AT&T and before that he spent 20 years with Digital Equipment Corporation in various senior management and executive roles. He is currently the Senior Independent Director of Logica Plc and a member of its Audit and Nominations Committees and a non-executive Director of CSR plc where he is also Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees. He holds a Masters degree in Computer Science from the University of Turin.
Tim Hilton, COLT’s Chairman, said, “I am delighted that Sergio Giacoletto is joining us. His considerable depth of knowledge and experience in the IT services sector makes him a welcome addition to the COLT Board as we continue to transform from a fixed line operator into an infrastructure based information communications technology solutions and services provider.
“Dr Hawley has made a huge contribution to COLT which has benefited from his enormous experience and wise counsel over the last 10 years. I would like to take this opportunity to thank him for his contribution as a non-executive Director and as Chairman of the Remuneration Committee.”
There are no matters requiring disclosure in accordance with Listing Rule 9.6.13 in respect of Mr Giacoletto’s appointment as a director of the Company.
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COLT Telecom Group S.A.
15 St Botolph Street