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Teleste Corporation Strengthens Leadership Team with Appointment of New CFO

Submitted by J. Mikhail on

SHERIDAN, WYOMING – July 11, 2024 – Teleste Corporation (NASDAQ OMX Helsinki: TLT1V), a leading international provider of video and broadband technologies and related services, today announced the appointment of Mervi Kerkelä-Hiltunen as its new Chief Financial Officer (CFO). Ms. Kerkelä-Hiltunen, who holds a Master of Science in Economics, brings over 25 years of extensive financial management experience within international organizations across diverse industries to her new role. She will assume her responsibilities in October 2024 and will also join Teleste's management team.

A Strategic Addition to Teleste's Leadership

Ms. Kerkelä-Hiltunen's appointment is a significant addition to Teleste's leadership team. Her proven track record in advancing complex financial operations and driving organizational change will be instrumental in supporting Teleste's strategic growth initiatives. Prior to joining Teleste, Ms. Kerkelä-Hiltunen served as the CFO of QPR Software Plc,where she demonstrated her exceptional financial acumen and leadership capabilities.

"I am honored to join Teleste, a company that is at the forefront of innovation in broadband, security, and information technologies," said Ms. Kerkelä-Hiltunen. "I am excited to leverage my experience to contribute to the company's continued success and look forward to working with the talented team at Teleste to further enhance the company's financial performance and strategic positioning."

Focus on Growth and Innovation

"Mervi's diverse international experience in finance and business development will be a significant asset to Teleste as we continue to execute our growth strategy," said Esa Harju, CEO of Teleste. "Her deep understanding of financial management, combined with her strategic vision, will be instrumental in supportingour ongoing efforts to drive innovation, enhance operational efficiency, and deliver value to our shareholders."

About Teleste Corporation

Teleste is a leading international company specializing in broadband, security, and information technologies and related services. The company's comprehensive portfolio of products and solutions enables the construction and operation of a better-connected society. Teleste's solutions facilitate the delivery of television and broadband services, enhance public safety, and streamline public transportation systems. With a solid track record of industry experience and a passion for innovation, Teleste connects with its customers through a global network of offices and partners.