ENGLEWOOD, Colo., Sep 08, 2011 (BUSINESS WIRE) -- TeleTech Holdings, Inc. (NASDAQ: TTEC), one of the largest global providers of strategic and technology-enabled business process outsourcing solutions that drive commerce and lifetime customer value, today announced that Ken Tuchman, chairman and chief executive officer, exercised options to purchase 420,000 shares of TeleTech common stock at $7.95 per share for a total of $3.3 million on September 6, 2011. Mr. Tuchman currently intends to retain all 420,000 shares.
The exercised options were granted to Mr. Tuchman in October 2001 and are scheduled to expire on their 10-year anniversary in October 2011.
"I remain very optimistic about the future of TeleTech and believe my increased investment in the company demonstrates my ongoing commitment to the company and to delivering strong returns to our shareholders," said Ken Tuchman, chairman and chief executive officer.
For nearly 30 years, TeleTech and its subsidiaries have helped the world's largest companies achieve their most ambitious goals. As the go-to partner for the Global 1000, the TeleTech group of companies delivers technology-based solutions that maximize revenue, transform customer experiences and optimize business processes. From strategic consulting to operational execution, TeleTech's approximately 44,000 employees drive success for clients in the communications and media, financial services, government, healthcare, technology, transportation and retail industries. Our companies deliver award-winning integrated solutions in support of professional services, revenue generation, customer innovation, enterprise innovation, hosted technology and learning innovation. For additional information, please visit http://www.teletech.com.
SOURCE: TeleTech Holdings, Inc.
TeleTech Holdings, Inc.
Karen Breen, 303-397-8592
Jeanna Blatt, 303-397-507