Netia CEO to step down at year end
WARSAW, Poland - October 2, 2000 - Netia Holdings SA (Nasdaq: NTIA), the largest alternative provider of fixed-line local telephone services in Poland, today announced that Meir Srebernik, President and CEO, has notified the Chairman of the Supervisory Board that he does not intend to renew his employment contract, set to expire on December 31, 2000.
The company has commenced the search for a successor to Mr. Srebernik.
Kaj Juul-Pedersen, Chairman of the Supervisory Board of Netia, said: "Meir Srebernik has served Netia Holdings with distinction for six years and successfully established Netia as the leading alternative fixed-line telecom operator in Poland. He has made Netia the first Polish company to be listed both on Nasdaq and the Warsaw Stock Exchange. He has personally inspired the company to rapid growth, thus establishing an excellent platform for further development. I wish him every success in the future."
NETIA HOLDINGS is the largest alternative fixed-line telecommunications operator in Poland. Netia has 24 licenses for local telecommunications services in territories covering some 15 million people or approximately 40% of the Polish population. The Company's existing local telephone license territories cover six of the country's ten largest urban areas including Warsaw, Krakow, Poznan, Gdansk, Lublin and Katowice. Netia has also secured the benefit of a nationwide data and IP license to provide data transmission and Internet-based services. In May 2000 the Netia 1 consortium was issued the nationwide domestic long distance voice license.