Mr. Hautanen is a recognized leader in the technology, telecommunications and private equity community with strong experience in managing and organizing operations for major international companies, as well as start-ups. Prior to being named as the CEO, Osmo was nominated as a board member in Magnolia where he provided strategic guidance to the company. Mr. Hautanen will use his extensive management experience and execution know-how to take Magnolia to the next level of commercialization.

Prior to joining Magnolia, Osmo served as the CEO of Fenix LLC, the holding company for Union Pacific Corporation's extensive portfolio of technology assets, as well as CEO of Denver-based Formus Communications, an international wireless communications company. He also was President of Americas for Philips Consumer Communications group, a joint venture between Philips Electronics and Lucent.

As an 18-year veteran of Nokia, Osmo built a new division for Personal Communications Services in 1994, which lead Nokia's dominance in the North American handset market. He also served in multi-discipline roles within Nokia and was a member of their Management Board.

Mr. Hautanen holds a BSEE from the Technical College of Varkaus in Finland, as well as a MBA in international business from Georgia State University. He is fluent in Finnish, German and English.