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Press release

Changes to the Swisscom Group Management

07 September 2001

Swisscom is forging ahead with transforming its parent company structure into a group organisation and intensifying its focus on sub-markets. The Board of Directors of Swisscom Ltd recently confirmed a new group management team under the leadership of Jens Alder.

In relation to the transition of Swisscom from a group company, the Board of Directors endorsed Christoph Brand, CEO of Bluewin AG, and Thomas Flatt, CEO of Conextrade AG, in their functions and made them members of the Group Executive Board. Furthermore, the Board of Directors decided that Hans-Peter Quadri, designated CEO of Enterprise Solutions, would also become a member of the Group Executive Board once the new company is set up.

The Swisscom Board of Directors regrets that two members of the Swisscom Group Executive Board will be stepping down:

Dave Schnell, CFO (Chief Financial Officer) and member of the Executive Board of Swisscom Ltd, has decided on a change of career. Dave Schnell, our long-serving CFO, has made an important contribution to Swisscom´s financial success and to setting up a professional financial management team. He was responsible for the successful CHF 8.6 billion IPO of Swisscom Ltd in 1998 with quotations in Zurich and New York and the recent international auction of Swisscom´s two real estate portfolios worth CHF 2.6 billion. He also played a decisive role in the 25% sale of Swisscom Mobile Ltd to Vodafone plc for CHF 4.5 billion. Dave Schnell will continue as CFO at Swisscom until spring 2002 and will subsequently concentrate on carrying out Board of Director mandates. The search for a successor is underway.

Reto Held, member of the Executive Board, has decided after 29 years of service at Swisscom and Telecom PTT to take up a new career challenge outside of group. He will leave the company on 1 October 2001. Reto Held, as head of Network Services and member of the Executive Board, was responsible for Swisscom´s successful new strategy in the liberalised telecommunications market.

Bern, 7 September 2001


Swisscom AG
Media Relations
3050 Bern