Kudelski restructure aims to reduce costs

Kudelski Group is restructuring to focus on the convergence of digital TV and online TV, and in response the economic crisis impacting several markets in which the company operates. The goal is to reduce annual costs by CHF90 million (€73 million).

The changes will see Kudelski’s OpenTV teams and solutions, as well as those in the conditional access sector, being integrated into a single Digital TV unit. The company is also simplifying its senior management structure to enable it to better focus on digital TV and internet TV activities.

From January 1st, 2012, the group executive management will consist of André Kudelski as CEO, Mauro Saladini as executive vice-president finance, Pierre Roy as executive vice-president finance sales and operations and Alex Osadzinski as executive vice-president finance strategy and business development. The company is also preparing to reduce its workforce by 270 employees.

Kudelski has also announced plans to create a Cybersecurity unit that will extend the expertise it has in pay TV security via its Nagravision unit to internet security and privacy protection.

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