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Heinz Brasic Named CEO of Upaid
 
  11th October 2001
   
  (PARIS – October 11, 2001) – Upaid Systems, a leading provider of software technology for payment, transfer and settlement processing solutions to mobile operators, service providers and financial institutions, announces the appointment of Heinz Brasic (45) as Chief Executive Officer. Mr. Brasic’s primary focus at Upaid Systems will be to establish the company’s global operations and implementations strategy and to build industry alliances by leveraging Upaid’s technology patents.

Mr. Brasic, who will be based in Paris, joins Upaid Systems with 23 years of management and marketing experience in the telecommunications and technology sectors. Most recently, he was with Telecom Italia’s international operations where he served on the management board of Telekom Austria AG and was also Chief Marketing Officer of the group. Before that, he was General Manager, Networks, and Executive Director of Nokia Pte. Ltd., Singapore – Nokia’s Asia-Pacific operations. Mr. Brasic also led Nokia’s Austrian subsidiary as Country Manager and Managing Director of Nokia Austria GmbH. Prior to his roles with Nokia, Mr. Brasic held a number of international senior management positions at ABB Asea Brown Boveri in Europe, including President of Asea Brown Boveri, Czech Republic.

Mr. Brasic’s decision to join Upaid Systems as CEO ends recent media speculation that he might take an executive management position at Deutsche Telekom in Germany or with one of Hutchinson’s mobile telecom subsidiaries in Europe.


Contact:

Mary Carol Harris
VP, Corporate Communications
Upaid Systems, Ltd.
Tel.: +33 (0)1 58 36 58 58
Mary Carol Harris
   
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