TomTom completes Tele Atlas acquisition, reshuffles management

TomTom today 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. Alain De Taeye is expected to “focus on strategy and business development giving TomTom and Tele Atlas continued access to his vast experience and industry knowledgeâ€?, said the public statement.

Additionally, Alexander Ribbink will step down as Chief Operating Officer and member of the Management Board of TomTom on his own request “to pursue other interests outside TomTomâ€?, said the Dutch company.

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.

Tele Atlas will propose to appoint Bill Henry as new CEO. Bill Henry has more than 20 years of management experience running global technology companies. Formerly, he was COO at iSOFT where he oversaw the company’s merger with IBA Health in 2007. Before that he held the position of CEO of Star Technology Services, provider of messaging security services.a division of Message Labs Group. He has also held executive roles at PeopleSoft, Bellcore/Telcordia Technologies, Sprint and Computer Sciences Corporation (CSC).

The most surprising news in this management reshuffle is the departure of Alexander Ribbink. Harold Goddijn, CEO of TomTom sees this departure “with regretâ€?; however Ribbink has committed to remain a member of the Supervisory Board of Tele Atlas where he was elected in December 2007.

Ribbink joined TomTom in 2003 to lead TomTom’s marketing when the company launched the TomTom GO, its first personal Navigation Device (PND), on the European market. He was appointed Chief Operating Officer in 2004.

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