DGAP-News: ecotel communication ag / Key word(s): Change of Personnel 11.12.2014 / 16:57 --------------------------------------------------------------------- Düsseldorf, 10 December 2014 The Supervisory Board of ecotel communication ag has decided to extend the employment contract of company founder and Chairman of the Management Board, Peter Zils, by an additional three years, until February 28, 2018. Achim Theis, board member and Head of Marketing and Sales, was also re-appointed until November 30, 2017. With this step, the Supervisory Board assures continuity and stability in the management of the company. The two chairmen voiced their close connection with ecotel. 'The re-appointment of Directors Peter Zils and Achim Theis is not only a recognition of their very excellent performance in recent years, it is also an expression of our faith in the continued pursuit of the ambitions and goals of ecotel with the existing management,' said Dr. Norbert Bensel, Chairman of the Supervisory Board of ecotel communication ag. On May 1, 2014 the Supervisory Board appointed the former Supervisory Board Chairman Johannes Borgmann to the Management Board of ecotel communication ag. Mr. Borgmann had been a member of the Supervisory Board since June 2002. In his current position on the Management Board, he assumes the role of CFO at ecotel, among other things. Peter Zils, Chairman of the three-member Management Board: 'I am very pleased that we have been able to work together successfully and will continue working together in the future as a team that complements each other. It is very motivating to work together with my two valued colleagues on the continued realisation of our growth strategy.' About ecotel communication ag: Listed in the Prime Standard segment of the Frankfurt Stock Exchange, ecotel communication ag is a telecommunications company with activities in three business sectors throughout Germany. In the core segment of 'Business Solutions' ecotel provides about 18,000 business customers with an IT/Telecom product portfolio consisting of voice, data and mobile communications solutions. This includes nationwide available and convergent bundled products, broadband data access on the basis of xDSL and Ethernet technologies, scalable networking of corporate locations (VPNs) as well as housing and hosting services. In the second segment, 'Wholesale Solutions', the ecotel group markets preliminary service products to other telecommunications companies. At the same time, the company achieves high traffic volumes in this segment, enhancing added value for the core segment of 'Business Solutions'. In addition to the international wholesale voice activities of ecotel, mvneco GmbH is also included in this segment. The 'New Business' segment covers new, fast-growing business segments and niches of independently operating subsidiaries. In addition to easybell GmbH, which is aligned to private customer business, nacamar GmbH, which now focuses exclusively on new media activities, is part of this independent business unit. Founded in 1998, the corporate group, with its main office in Düsseldorf, currently has about 230 employees, including subsidiaries and holdings. Note: This publication is not an offer for the sale nor an invitation for the purchase or subscription of securities. This publication is not a securities brochure. This publication and the information contained therein are not intended for direct or indirect dissemination to or within the United States of America, Canada, Australia or Japan. PR office: Business and Financial Media Annette Drescher (Assistant to the Managing Director) Phone: 0211-55 007 5 - 740 Fax: 0211-55 007 5 740 E-mail: presse@ecotel.de Business media Bernadette Loosen-Flanz (PR) Phone: 0211-55 007 5 - 316 Fax: +49 (0)211-55 007 5 316 E-mail: presse@ecotel.de For more information, please visit us on the web at www.ecotel.de --------------------------------------------------------------------- 11.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: ecotel communication ag Prinzenallee 11 40549 Düsseldorf Germany Phone: +49 (0)211 55 00 70 Fax: +49 (0)211 55 00 7 222 E-mail: info@ecotel.de Internet: http://www.ecotel.de ISIN: DE0005854343 WKN: 585434 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 304775 11.12.2014