Telefonica SA
25 July 2007
TELEFONICA S.A., as provided in article 82 of the Spanish Securities Market
Act (Ley del Mercado de Valores) and in accordance with set forth in paragraph 4
of article 6 of Royal Decree 377/1991, of March 15th, regarding the announcement
of significant participations in quoted companies, hereby reports the following
SIGNIFICANT EVENT
Whereas at the meeting of the Board of Directors of the Company held on the date
hereof, Gregorio Villalabeitia Galarraga resigned as Director, which entailed
his ceasing to hold office as Vice-Chairman of the Board, and as a member of the
Executive Committee and of the Audit and Control, Regulation and International
Affairs Committees.
The Board of Directors thanked Gregorio Villalabeitia most especially for his
enormous dedication and extremely hard work as a member of the Board for nearly
six years.
The Board of Directors also unanimously resolved, preceded by the relevant
favourable report from the Nominating, Remuneration and Corporate Governance
Committee, the interim appointment of the new Board member Jose Maria Abril
Perez, as proprietary Director. He has also been appointed as a member of the
Executive Committee of the Board of Directors.
Lastly, the Board also approved, unanimously and preceded by the relevant
favourable report of the Nominating, Remuneration and Corporate Governance
Committee, the appointment of Vitalino Nafria Aznar as Vice-Chairman of the
Board of Directors.
Madrid, July 25th, 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.