CME informed about extension of the contract for current CEO Michael Garin until 31 January 2010, which has been with CME for 2 and 1/2 years now.
Our view:
Under management of Mr. Garin CME has been able to continually expand its business in CEE region. We see the news as positive, as strategy for consolidation and possible expansion of operations in CEE will continue to have his footprint.