REG - Telefonica SA - TEF - Changes in the Board of Directors <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

08/04/2016 13:35

RNS Number : 6755U
Telefonica SA
08 April 2016
TELEFNICA, S.A. (hereinafter "Telefnica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Telefonica's Board of Directors, at its meeting held today, has resolved to adopt the following resolutions in connection with the composition of the Board of Directors of Telefnica, S.A. and its Committees: 
-To take formal note and record the voluntary resignation presented to their respective positions as members of the Board of Directors of Telefnica, S.A. by Mr. Carlos Colomer Casellas, Mr. Alfonso Ferrari Herrero, Mr. Jos Fernando de Almansa Moreno-Barreda and Mr. Santiago Fernndez Valbuena acknowledging many years of work and collaboration with the Telefnica Group and, in particular, for the services rendered during their tenures. 
-Likewise and in other to cover the abovementioned vacant positions, to appoint by co-optation, Ms. Sabina Flux Thienenmann, Mr. Jos Javier Echenique Landiribar, Mr. Peter Lscher and Mr. Juan Ignacio Cirac as Independent Directors, upon the proposal of the Nominating, Compensation and Corporate Governance Committee. Moreover, their ratification and appointment has been proposed, as Independent Directors of Telefnica, S.Ato the next General Shareholders Meeting. 
-With the abstention of the Executive Chairman and on a proposal of the Nominating, Compensation and Corporate Governance Committee, to appoint as Coordinating Independent Director ("Lead Director"), Mr. Francisco Javier de Paz Mancho. 
-Moreover, it has agreed to appoint: (i) member of the Executive Commission the Independent Director Mr. Jos Javier Echenique Landiribar; (ii) Chairman of the Audit and Control Committee, Independent Director Mr. Jos Javier Echenique Landiribar; (iii) member and Chairman of the Nominating, Compensation and Corporate Governance Committee, Independent Director Mr. Francisco Javier de Paz Mancho. 
Madrid April 8, 2016.

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