Planegg-Martinsried near Munich, November 29, 2011 - Elio Schiavo (47) will be appointed Chief Executive Officer (CEO) of telegate AG, with effect from December 1, 2011. Within the two-member management board he will now be responsible for all business operations as well as the strategic development of the Directory Assistance and Media business segments. Elio Schiavo replaces the former CEO of the telegate AG, Dr. Andreas Albath, who left the management board of the company effective from November 15, 2011. Ralf Grüßhaber (42) remains telegate AG's Chief Financial Officer (CFO).

"I really look forward to having the opportunity to contribute to the further development of telegate", says Elio Schiavo. "The company has already an established and successful position as a local search provider, bridging the needs of both users and SMEs. Leveraging on our employees, brands and customer base we will continue to focus on the transformation from a mere Directory Assistance specialist to a digital Media player. Growth and profitability will remain the fundamental goals".

Elio Schiavo has a deep knowledge of the European media and Internet market. At present he is CEO of Thomson Directories Limited, London, and will retain this position in a transition period until April 1, 2012. In the past few years Elio Schiavo has, among other things, realigned the media strategy, the Internet services as well as the organisation of media sales with the UK local search specialist, repositioned the brand thomsonlocal.com, and promoted alliances with other media and partners.

Previous assignments in Elio Schiavo's career include, among others, the multi media local search provider Katalog A. S., located in Istanbul, and the market-leading Italian direct marketing company Consodata S. p. A., Rome, where he both acted as CEO. Furthermore he also held the position of Seat Group Business Development Director.

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