The Board of Directors of Telefónica has today appointed by co-option, unanimously by its members and at the proposal of the Appointments and Remuneration Committee, Cesar Mascaraque as a director of Telefónica. As a consequence, the Telefónica Board of Directors goes from eight to nine directors with the category of Independent, which represents 60% of its total composition.
Mascaraque has an extensive professional career of more than 25 years as an entrepreneur and businessman in the technology sector internationally. He is an industrial engineer from the Higher Technical School of Industrial Engineers of Barcelona and a Master in Business Administration (MBA) from Harvard Business School, and is currently an independent director of the Board of Directors of Telefônica Brasil.
Mascaraque founded Finexia Ltd in the United Kingdom, an online financing platform for SMEs. After its sale in 2003, he joined Google Inc. as head of business development for Southern Europe and emerging markets. In 2008 he joined IAC Search & Media Ltd as Managing Director of its European operations. In 2012 he founded BPM Marketing Ltd, a leading company in the development and marketing of artificial intelligence tools for digital marketing.
Throughout his professional career, he has been non-executive chairman of Media Response Group in Spain and Brazil, member of the advisory board of Seaya Ventures in Spain and member of the board of MedicAnimal Ltd and Geocast Ltd in the United Kingdom.
Mascaraque replaces Javier de Paz who, after 18 years as a member of the Board of Directors of Telefónicahas voluntarily resigned from his position as a director to perform executive functions in the Telefónica Group, as Deputy Director to the President, responsible for Infrastructure, Real Estate Assets and Corporate Social Responsibility. He will also retain the non-executive Presidency of Movistar Plus +.
Likewise, Ana María Sala Andrés has been appointed president of the Sustainability and Regulation Commission of Telefónica, replacing Javier de Paz.
For his part, Guillermo Ansaldo, responsible for Infrastructure to date, will remain in the group supporting the transition and as an advisor in the infrastructure field.