Teleste’s shareholder and Chairman of the Board, Mr. Timo Miettinen, has decided to step down as Chairman of the Board. At its meeting on October 4th, the Board of Directors of Teleste Corporation selected Mr. Pertti Ervi as the new Chairman of the Board. Mr. Timo Miettinen will continue as a Board Member. Pertti Ervi, previously, has been the Chairman of the Board at both F-Secure Corporation and Comptel Corporation, for instance.