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TomTom Completes Tele Atlas Acquisition, Reshuffles Management
 
TomTom has declared its $4.3 billion takeover bid of digital mapmaker Tele Atlas was finalized and decided to make a number of management changes related to this acquisition. TomTom will propose to appoint Alain De Taeye, CEO and founder of Tele Atlas, as a member of the Management Board of TomTom. George Fink, President and COO of Tele Atlas since 2002, will step down as a member of the Management Board of Tele Atlas and resign his position of President and Chief Operating Officer of the map maker.
 
Time:2008-06-19 Source:NaviForum Shanghai News Center Relative