Pacnet Announces New Head of Human Resources

SINGAPORE - Pacnet today announced a transition in the senior leadership of its human resources department with the appointment of Syed Ali Abbas to fill the newly created position of Chief Human Resources Officer.

Mr. Abbas, a human resources executive with extensive experience in the Asia Pacific region, will join Pacnet's senior management team in place of Anne Adam, Senior Vice President, Human Resources, who will leave the Company.

Mr. Abbas will ensure that Pacnet's human resources programs fully support the new strategic direction that the Company has recently announced. His responsibilities will include maintaining the highest standards for attracting, retaining and developing talented professionals across Pacnet's worldwide operations, and further focusing the HR team on organisation development and transformation. Mr. Abbas assumes this position effective January 2, 2013 and will be based in Singapore.

"We are thrilled to welcome Syed and the perspective he brings to Pacnet," said Carl Grivner, Chief Executive Officer, Pacnet. "He joins us at a pivotal moment as we undertake large-scale changes to gear our business to capitalise on evolving market opportunities. We are fortunate to have him join our team."

Mr. Abbas comes to Pacnet from AT&T where he worked in various human resources capacities over the span of 11 years. He most recently served as Executive Director of Human Resources for the Asia Pacific region based in Singapore. Over the course of his tenure at AT&T, Mr. Abbas developed and managed the company's HR function as it expanded its Asia Pacific product portfolio and revamped its organizational structure; through mergers and the formation of joint ventures and new operating companies. Prior to AT&T, Mr. Abbas worked in the human resources team for KPMG's consulting arm in India.

Ms. Adam's tenure at Pacnet spanned 11 years and included executive positions in customer service in addition to human resources. She will remain in her role at Pacnet until January 2013 in order to facilitate a smooth transition.

"Pacnet places great emphasis on attracting and nurturing its human capital, thanks in part to Anne's leadership," said Mr. Grivner. "In particular, she was a tremendous steward during the recent changes to our organisation. We are grateful for her service and contribution."