New Group Board Appointment at City Networks Limited

Against an industry background of cutbacks, City Networks Ltd (CNL) is pleased to announce its continuing growth plans highlighted by new key appointments at all levels.

Costa Christodoulou has been appointed to the main board as Group Business Development Director, effective immediately. CNL welcomes Costa into this new role which reflects the company’s continued commitment to strengthen it’s senior management team in support of strategic business growth.

With over 18 years solid experience in the financial services IT industry, Costa joins CNL from ACT Financial Systems (Misys Group), where he was Director of European Operations. Among his reasons for joining City Networks Costa cites the company’s impressive track record and "its significant profit growth due to its strong market share and evolving web-based product portfolio."

"The appointment of Costa", says City Networks Chief Executive Officer, Richard Hill, "is an indication of the opportunities we see in today’s marketplace. The experience Costa brings with him will further strengthen our strong management team and support our strategic growth."

Further expansion to the sales and marketing arm is seen in the recent appointment of John Waller, Senior Account Manager for new business in Europe who joins from FOW.

At the graduate entry level, CNL is recruiting Technical Trainees for its European operation. Once fully trained these new recruits will move into the Technical Support area with future career prospects throughout the growing company.

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