Name Michael Tsamaz | Role Business person | |
 | ||
Michael Tsamaz (Greek: Μιχάλης Τσαμάζ) has been the Chairman and CEO of the Hellenic Telecommunications Organization (OTE) since 3 November 2010.
He joined OTE Group in 2001 and became Head of Cosmote in 2007.
In 2011, he reached an agreement with the Federation of OTE Employees (ΟΜΕ-ΟΤΕ) to cut labour costs. The two sides agreed on an 11% cut in pay for the period 2012-2014, in return for the implementation of a 35-hour week and the preservation of job positions.
In September 2013, he announced investments of 1.2 billion euros to upgrade Greek fixed and mobile networks over the next four years having met with the Greek Prime Minister Antonis Samaras.
He was listed no 84 Global Telecoms Business Power 100 for 2013.
Michael Tsamaz was born in Athens in 1959 and his family comes from Philadelphia, Asia Minor and Chania, Crete. He holds a Bachelor’s Degree in Business Administration from the University of New Brunswick, Canada.