Edition:
United States

Telefonica SA (TEF.N)

TEF.N on New York Stock Exchange

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2 Dec 2016
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Summary

Name Age Since Current Position

Jose Maria Alvarez-Pallete Lopez

52 2016 Executive Chairman of the Board

Jose Maria Abril Perez

64 2011 Vice Chairman of the Board

Isidro Faine Casas

74 2000 Vice Chairman of the Board

Julio Linares Lopez

70 2012 Third Vice Chairman of the Board

Eduardo Fernando Caride

2015 Director of Operations at Telefonica Internacional

Thorsten Dirks

2014 Chief Executive Officer and Chairman of the Board of Directors of Telefónica Deutschland Holding AG

Ronan Dunne

53 2014 Chief Executive Officer of Telefonica UK, Ltd.

Amos Genish

55 2015 President and Chief Executive Officer of Telefonica Brasil

Luis Miguel Gilperez Lopez

56 2012 Chief Executive Officer of Spain

Markus Haas

44 2014 Chief Operating Officer and Director of Telefónica Deutschland Holding AG

Ramiro Sanchez de Lerin Garcia-Ovies

2005 Legal Counsel, General Secretary, Non-Member Secretary of the Board

Angel Vila Boix

52 2015 General Manager of Strategy and Finance

Maria Garcia-Legaz

Chief of Staff

Santiago Javier Fernandez Valbuena

58 2014 Chief Strategy Officer, Director

Guillermo Ansaldo Lutz

54 2011 Chief Global Resources Officer

Laura Abasolo Garcia de Baquedano

2007 Director of Planning, Budgets and Control

Carlos Lopez Blanco

57 2014 Director of Public Affairs and Regulation

Eduardo Navarro de Carvalho

53 Chief Commercial Digital Officer

Marisa Navas

2015 Director of Communications and Institutional Marketing

Maria Luz Medrano Aranguren

2007 Non-Member Assistant Secretary of the Board

Francisco Javier de Paz Mancho

58 2016 Lead Director, Independent Director

Cesar Alierta Izuel

71 2016 Director

Maria Eva Castillo Sanz

53 2014 Director

Juan Ignacio Cirac Sasturain

2016 Director

Jose Javier Echenique Landiribar

2016 Director

Antonio Massanell Lavilla

62 1995 Director

Ignacio Moreno Martinez

58 2011 Director

Wang Xiaochu

2015 Director

Peter Erskine

65 2014 Independent Director

Luiz Fernando Furlan

70 2008 Independent Director

Sabina Fluxa Thienemann

36 2016 Independent Director

Gonzalo Hinojosa Fernandez de Angulo

71 2002 Independent Director

Pablo Isla Alvarez de Tejera

52 2002 Independent Director

Peter Loscher

59 2016 Independent Director

Biographies

Name Description

Jose Maria Alvarez-Pallete Lopez

Mr. Jose Maria Alvarez-Pallete Lopez serves as Executive Chairman of the Board of Telefonica, S.A. He was appointed as COO on September 17, 2012 and has served as Executive Member of the Board of Directors of Telefonica SA since July 26, 2006. He was appointed as Chief Executive Officer and Chairman of Telefonica Europe Division on September 5, 2011. Previously, he acted as Chief Executive Officer of Telefonica Latin America and Chief Executive Officer and Chairman of Telefonica Internacional SAU. He is Board Member of Telecomunicacoes de Sao Paulo SA, Telefonica DataCorp SAU, Colombia Telecomunicaciones SA ESP, Telefonica Moviles Mexico SA de CV, Telefonica Larga Distancia de Puerto Rico TLD and others. He worked at Auditors Arthur Young and Benito & Monjardin/Kidder, Peabody & Co. He worked at Cementos Portland serving as Head of the Investor Relations and Studies Department, as Financial Manager for Spain and General Manager for Administration and Finance responsible for Indonesia and Board Member of Cemex Asia Ltd. In February 1999, he joined the Telefonica Group as General Manager of Finance for Telefonica Internacional SA. In September 1999 he was named General Manager of Corporate Finance in Telefonica SA. He has been Board Member of Cemex Singapur, Telefonica Publicidad e Informacion SA, Telefonica de Espana SA, Telefonica Moviles Espana SA and China Netcom Group Corporation Limited, among others. He holds a Bachelors degree in Economic Sciences from Universidad Complutense de Madrid and obtained a degree in Economic Sciences from Universite Libre de Bruxelles in 1988. In addition, he completed the International Management Program from IPADE.

Jose Maria Abril Perez

Mr. Jose Maria Abril Perez serves as Vice Chairman of the Board of Directors of Telefonica, S.A. since December 14, 2011. He joined the Company's Board on July 25, 2007. He acts as Vice Chairman of the Executive Committee of the Company, as well as Member of the Company's International Affairs Committee and Member of the Innovation Committee. In 2002, he became Managing Director of Wholesale and Investment Banking Division and Member of the Executive Committee of the Banco Bilbao Vizcaya Argentaria S.A. He serves as Director of Advancell SA. From 1975 to 1982 he served as Financial Manager of Sociedad Anonima de Alimentacion (SAAL). Since then, and until he joined Banco Bilbao Vizcaya Argentaria Group, he became Financial Manager of Sancel-Scott Iberica. In 1985 he was appointed Managing Director of Investment Corporative Banking of Banco Bilbao. From January to April 1993, he served as Executive Coordinator of Banco Espanol de Credito SA. In 1998, he became General Manager of the Industrial Group. In 1999, he became Member of the Executive Committee of the BBVA Group. He has also been Member of the Board of Directors of Repsol, Iberia and Corporacion IBV. Until July 2007, he was Vice President of Bolsas y Mercados Espanoles, Holding Company of Mercados y Sistemas Financieros SA. He holds a degree in Economics from Universidad de Deusto and he has been Professor of the same university for a period of nine years.

Isidro Faine Casas

Dr. Isidro Faine Casas serves as Vice Chairman of the Board of Directors of Telefonica, S.A. since 2000. He joined the Company's Board on January 26, 1994. He also acts as Chairman of Caja de Ahorros y Pensiones de Barcelona (la Caixa), Criteria CaixaCorp SA, and Confederacion Espanola de Cajas de Ahorros. In addition, he serves as Vice Chairman of Abertis Infraestructuras SA and Second Vice Chairman of Repsol YPF SA. He is also Director of Banco Portugues de Investimento SA (BPI), Hisusa, Holding de Infraestructuras y Servicios Urbanos SA, Grupo Financiero INBURSA and Non-Executive Director of The Bank of East Asia. For over 40 years, he has developed his professional career working for several companies in different sectors of the economy, as well as financial institutions, such as Banco Atlantico (1964), Banco de Asuncion, Paraguay (1969), Banco Riva y Garcia (1973), Banca Jover (1974), and Banco Union SA (1978). He holds a Doctorate in Philosophy degree in Economic Sciences from Universidad de Navarra, a Diploma in Senior Management from IESE Instituto de Estudios Superiores de la Empresa and a degree in Business Administration from the Harvard University. He is Financial Analyst and Academic at the Real Academy of the Finance and Economic Science.

Julio Linares Lopez

Mr. Julio Linares Lopez serves as Third Vice Chairman of the Board of Directors of Telefonica, S.A. since September 17, 2012. He joined the Company's Board since December 21, 2005, and was appointed as Chief Operating Officer on December 19, 2007. He also served as Managing Director for Coordination, Business Development and Synergies of the Company. On May 31, 2013, he was appointed as Member of the Company's Strategy Committee and Chairman of the International Affairs Committee. He acted as Member of the Company's Executive Committee and Innovation Committee until September 17, 2012. He joined Telefonica’s R&D Centre in May 1970 and held various posts, including Head of Telefonica’s Technology Department in 1984. In April 1990, he became General Manager of Telefonica Investigacion y Desarrollo. In December 1994, he became Deputy General Manager of Telefonica’s Marketing and Services Development Department, in the commercial area, subsequently moving to the position of Deputy General Manager for Corporate Marketing. In July 1997 he was appointed CEO of Telefonica Multimedia, and President of Telefonica Cable and Producciones Multitematicas. In May 1998 he was appointed General Manager of Strategy and Technology in Telefonica, SA’s Corporate Centre. He has been Executive Chairman of Telefonica de Espana since January 2000. In June 2005 he became Chairman of the Supervisory Board of Cesky Telecom. He was Managing Director for Coordination, Business Development and Synergies in Telefonica SA, where he was also Member of the Board of Directors and Secretary for the Executive Committee. He is Member of the Board of Directors and the Executive Committee of Telecom Italia and Member of the Board of Directors of Telefonica de Espana SAU, Telefonica Moviles Espana SAU and Telefonica Europe plc. He is Member of the Advisory Board in Telefonica Latinoamerica and the Social Council of the Complutense University of Madrid. He holds a degree in Telecommunications Engineering from Universidad Politecnica de Madrid.

Eduardo Fernando Caride

Mr. Eduardo Fernando Caride serves as Director of Operations at Telefonica Internacional of Telefonica, S.A. since 2015. He has served as General Manager of Telefonica Argentina, Executive President of Telefonica Empresas y Emergia, President for Argentina, Chile and Uruguay of Telefonica Móviles and since 2010 he is responsable for the fixed and mobile operations of the Telefonica group in Perú, Panamá, Venezuela, México, Centroamérica, Ecuador, Colombia, Chile, Uruguay and Argentina. He was also the leader in the acquisition and integration of Movicom Bellsouth in Argentina, Chile and Uruguay. He has 23 years of experience in the telecommunications industry in Latin América. He holds a degree in Public Accounting from Universidad de Buenos Aires in 1980 and Bachelors in Business Administration from same university in 1977.

Thorsten Dirks

Mr. Thorsten Dirks serves as Chief Executive Officer and Chairman of the Board of Directors of Telefónica Deutschland Holding AG of Telefonica S.A. since October 2014. Previously, he has been CEO of E-Plus Group, which now belongs to Telefónica Deutschland. Since 2011 he was additionally responsible as Member of the Board for the International Mobile Business of the Dutch Telecommunication Company KPN. He was mainly responsible for the successful multi-brand strategy of the company. Prior to joining E-Plus Thorsten Dirks held functions at various companies in the telecommunication sector, among others at Orbitel and Vebacom. In 2009 he was author of a book about the development of the telecommunication industry („Ich, Du, Er, Sie, Es und Wir: Wie wir kommunizieren werden“). He holds a degree in Electrical Engineering and Communications Engineering from Universitaet Hamburg.

Ronan Dunne

Mr. Ronan Dunne serves as Chief Executive Officer of Telefonica UK, Ltd. of Telefonica, S.A. since March 2014. Previously, He was Chief Financial Officer in the UK, a position held since February 2005. He served as Head of Finance and deputy to the Group Chief Financial Officer of O2 plc. from 2001 to 2005.

Amos Genish

Mr. Amos Genish serves as President and Chief Executive Officer of Telefonica Brasil of Telefonica S.A. since 2015. he was CEO of GVT, an innovative and fast-growing telecom and Pay TV operator, which was recently acquired by Telefonica. Amos co-founded GVT as an alternative regional telecom operator in 1999 and led its expansion in the following years, reaching revenues above US$ 2 Billion by 2014. In 2007, Amos led GVT’s IPO in the Brazilian stock exchange; in 2009, he led the company’s sale to Vivendi, for US$ 4,8 Billion. In 2014, he led the negotiations of GVT’s sale to Telefonica, for more than US$ 9 Billion. Prior to GVT, Amos was CEO of a technology company traded on Nasdaq. He holds a B.A. in Economics and Accounting from Tel Aviv University.

Luis Miguel Gilperez Lopez

Mr. Luis Miguel Gilperez Lopez served as Chief Executive Officer of Spain Division of Telefonica, S.A. He has also acted as Board Member of Tele Centro Oeste Celular Participacoes SA and Tele Sudeste Celular Participacoes SA, Executive Managing Director and Member of the Executive Board of Telefonica Brasil SA, Vice Chairman of the Board of Telefonica Moviles Peru Holding SA and Telefonica Moviles and Chairman fo the Board, Managing Director and Member of the Executive Board of Vivo Particiapcoes SA. He began his career in an insurance company, working for six years in different departments of the business. He holds a degree in industrial engineering, as well as an MA in business administration and planning.

Markus Haas

Mr. Markus Haas Chief Operating Officer and Director of Telefónica Deutschland Holding AG at Telefonica S.A. since October 2014. He has been working for Telefónica in various management positions since 1998. In 2009 he was appointed to the executive board and since 2012 he is member of the board of directors ofTelefónica Deutschland Holding AG, where he most recently steered the company strategy. In this position he was mainly responsible for the successfulacquisition of E-Plus group. Previously he played significant roles in the acquisition and integration ofHanseNet, the LTE spectrum auction and Telefónica Deutschland´s successful IPO.Under his conduct of negotiations Telefónica Deutschland entered commercially important strategic partnerships with Deutsche Telekom AG, Versatel GmbH and most recently Drillisch AG among others. He started his career in the legal affairsand regulatory division at Telefónica in Germany in 1998 -at that time Viag Interkom -and subsequently worked as Executive Assistant of the CFO. Afterwards, he steered as Vice President the Corporate & Legal Affairs department with commercial responsibility for the roaming-and wholesale network-business. He received his admission as attorney in 1998.

Ramiro Sanchez de Lerin Garcia-Ovies

Mr. Ramiro Sanchez de Lerin Garcia-Ovies serves as Legal Counsel, General Secretary, Non-Member Secretary of the Board of Directors of Telefonica, S.A. since September 28, 2005. He began his professional career at Arthur Andersen, first working for its Audit Department and later for its Tax Department. In 1982, he became State Attorney and started working for the Treasury Internal Revenue in Madrid (Delegacion de Hacienda de Madrid). Afterwards, he was assigned to the State Secretariat for the European Communities and, later, to the Foreign Affairs Ministry. In addition, he has been General Secretary and Non-Member Secretary of the Board of Directors of Elosua SA, Tabacalera SA, Altadis SA and Xfera Moviles SA. Moreover, he was Professor of ICADE, Instituto de Empresa and Escuela de Hacienda Publica.

Angel Vila Boix

Mr. Angel Vila Boix serves as General Manager of Strategy and Finance of Telefonica S.A. He served as General Manager of Finance and Corporate Development of Telefonica, S.A. He was appointed to this post on September 5, 2011. He joined the Company in 1997 as Group Controller, moving on to become CFO of Telefonica Internacional, where he served the Telebras privatisation team. In 2000, he was appointed Group Head of Corporate Development. In this position, he executed the acquisitions of O2 plc, Brasilcel/Vivo, Telco SpA and Cesky Telecom, as well as the divestitures of Airwave and TPI. From 2010, he also oversaw the Affiliates group, comprising Atento, T Gestiona and T Contenidos. Prior to joining the Company, he held positions at Citigroup, McKinsey&Co, Ferrovial and Planeta. In addition, he is Member of the Boards of Directors of Telco SpA, Atento, T Contenidos, Digital+ and Telefonica O2 Czech. He previously was Member of the Boards of Directors of BBVA, Endemol, CTC Chile and Terra Lycos, and the Advisory Board of Macquarie MEIF funds. He graduated in Industrial Engineering from Universitat Politecnica de Catalunya and holds a Masters of Business Administration degree from the Columbia University in New York.

Maria Garcia-Legaz

Ms. Maria Garcia-Legaz serves as Chief of Staff of Telefonica S.A. She was previously Head of Telefónica S.A. Investor Relations (2008-2012), Chief of Staff for the General Director of Telefónica España, and Head of Telefónica Móviles Investor Relations from the moment the company was listed (2000-2006). Under her direction, Telefónica’s Investor Relations team was recognised with several awards at a European and Spanish level. In 2009, the Institutional Investor Magazine recognised her work as the best IR Professional in the European telco sector with Investor Relations Magazine awarded her as the best Investor Relations Officer in Spain in 2008.

Santiago Javier Fernandez Valbuena

Mr. Santiago Javier Fernandez Valbuena serves as Director and Chief Strategy Officer of Telefonica, S.A. since February 2014. He also acts as Deputy Chairman of Telefonica do Brasil. He acted as Executive Member of the Board of Directors of the Company and Chief Executive Officer and Chairman of the Latin America Division of the Company. He joined the Company’s Board on September 17, 2012 and has acted as Chief Executive Officer and Chairman of the Latin America Division of the Company since September 5, 2011. Previously, he served as General Manager of Strategy, Finance and Corporate Development of the Company. He is also Member of the Company's Executive Committee. He joined the Company in 1997 as Chief Executive Officer of Fonditel, the pensions and asset manager of the Telefonica Group. From 2002 until 2010, he was Group Chief Financial Officer, over that period he held additional responsibilities, including Procurement, IT and Human Resources (2003-2005) and Corporate Development and Affiliates (2007-2011). Prior to joining the Company, he was Managing Director of Societe Generale Valores and Head of Equities at Beta Capital in Madrid. He was Professor at Universidad Complutense and Instituto de Empresa in Madrid. He holds a Master of Science degree in Economics and a Doctorate in Philosophy degree in Economics, both from the Northeastern University, Boston, as well as a Bachelors degree in Economics from Universidad Complutense de Madrid.

Guillermo Ansaldo Lutz

Mr. Guillermo Ansaldo Lutz serves Chief Global Resources Officer of Telefonica, S.A. Previously, between December 2007 to September 2011, he acted as Chief Executive Officer and Chairman of Telefonica Espana Division of the Company. From 1989 to 2000, he worked at McKinsey & Company. From 1989 to 1993, he was based in Madrid, Spain. In 1993 he returned to Argentina, and two years later he was elected Partner of McKinsey & Company. During his career at McKinsey, he focused on financial institutions and the telecommunications sector. From 2000 to 2004, he held the position of Chief Executive Officer at Telefonica de Argentina SA. In April 2005 he was appointed CEO of Telefónica de España, subsidiary of the fixed telephony business of Telefónica España, position from where he has contributed to the development of Broadband and Imagenio in Spain. In December 2007, he became General Manager of Telefonica Espana. He holds a Masters degree in Business Administration from the Dartmouth College and a degree in Industrial Engineering from Universidad de Buenos Aires.

Laura Abasolo Garcia de Baquedano

Ms. Laura Abasolo Garcia de Baquedano serves as Director of Planning, Budgets and Control of Telefonica, S.A. since December 2007. She joined Telefónica’s Executive Committee in March 2014, where she also assumed the responsibility for the Simplification Office. She began her career in the Telefónica Group in 1999 as Director of the Control Department in Terra Networks S.A. She started her professional career at Goldman Sachs International in the European Investment Banking Division. She holds a degree in Economics and Business studies from Universidad de Deusto and an MBA in International Business from the Norwegian School of Economics and Business Administration.

Carlos Lopez Blanco

Mr. Carlos Lopez Blanco serves as Director of Public Affairs and Regulation of Telefonica, S.A. In July 2007, he joined the Company. He acted as Director of the International Office and in November 2012, he was appointed Global Head, Public and Corporate Affairs and from March 2014 has been appointed Global Head, Public and Regulatory Affairs. From 1984 to 1989, he worked as State Lawyer in the Basque Region of Spain and at the Ministries of Education, Justice, Economy and Finance. In 1989, he moved to the private sector, where he was appointed Secretary of the Board of Directors and General Counsel at Construcciones Aeronauticas SA (CASA). In 1992, he was appointed Director of Legal Affairs at IBM Spain and from 1995 to 2001 occupied the position of General Secretary of Airtel, which later became Vodafone Spain. From 2002 to 2004, he held the position of Secretary of State for Telecommunications and Information Society in the Spanish Government. From 2004 to 2007, he was Chairman of ENTER, the Centre for the Analysis of the Information Society and Telecommunications at the Instituto de Empresa Business School. He was Member of the Board of Ericsson Spain and Ydilo Advanced Voice Solutions, as well as Member of the Advisory Board of INDRA. He was also Executive Vice President of the Foundation for Innovation, Bankinter. He holds a degree in law from Universidad de Valladolid. He also obtained a Business Executive degree from the Instituto de Estudios Superiores de la Empresa (IESE). He is a State Lawyer.

Eduardo Navarro de Carvalho

Mr. Eduardo Navarro de Carvalho serves as Chief Commercial Digital Officer of Telefonica, S.A. Before that, he acted as Director of Strategies and Partnerships of the Company. He joined the Company in 1999 coinciding with Telefonica’s first operations in Brazil. Since then, he has been responsible for Strategy and Regulatory Affairs for Telefonica Internacional (from 2005 to 2009), and Vice President of Strategic Planning and Regulatory Affairs of Telefonica Brazil (from 1999 to 2005), a period of time when he was also Member of the Executive Committee of various companies of the Telefonica Group in Brazil. He began his professional career in the Brazilian Steel Works sector working for the Group ARBED (former Arcelor) between 1986 and 1994. he was Director of Strategy and Alliances for Telefonica Group, which also required his participation in the Telefonica Executive Committee and presence on the boards of several Telefonica companies. He graduated in Metallurgical Engineering from Universidade Federal de Minas Gerais.

Marisa Navas

Ms. Marisa Navas serves as Director of Communications and Institutional Marketing of Telefonica S.A. since 2015. She was the former Chief Editor of the economic newspaper Cinco Días, the Director of the economic newspaper La Gaceta de los Negocios, and the weekly magazine Dinero, as well as part of the founding team of the weekly magazine Inversión. Marisa joined Tabacalera in 1998 as the Director of Institutional Relations later becoming the Director of Communications for Altadis España (formerly Tabacalera, currently Imperial Tobacco). In August 2000 she became Deputy Director General for Corporate Communications in Telefónica where she remained until being named Director of Corporate Communications and Institutional Marketing in October 2014. In 1995 Marisa received the Economic Information Young and Bright award, and in 2005 the Female Manager of the Year award presented by the Association of Business Women and Managers (ASEME for its Spanish acronym), registered in the CEOE amongst other awards in the Communications area. In 2006 she was awarded by the magazine Dinero in its XII Business Awards edition. She holds a Bachelors degree in Information Sciences (Journalism) from the Complutense University of Madrid.

Maria Luz Medrano Aranguren

Francisco Javier de Paz Mancho

Mr. Francisco Javier de Paz Mancho serves as Lead Director, Independent Director of Telefonica, S.A. since December 19, 2007. Moreover, he also acts as Member of the Company's Regulation Committee and Member of the International Affairs Committee. On May 31, 2013, he was appointed Member of the Company's Service Quality and Customer Service Committee. He has served as Chairman of Atento Inversiones y Teleservicios SA and Member of the Board of Directors of Telefonica Internacional SAU, Telefonica de Argentina SA and Telecomunicacoes de Sao Paulo SA. From July 2006, he has been Member of the Executive Committee of the Chambers Board (Consejo Superior de Camaras). From 2004 to 2007, he was Chairman of MERCASA. From 1996 to 2004, he acted as Manager of Corporate Strategy of the Panrico Donuts Group. From 1993 to 1996, he served as General Manager of Internal Trade of the Ministry of Tourism and Commerce. From 1990 to 1993, he was Secretary of the Board of Union de Consumidores de Espana (UCE) and Chief Executive Officer of the Magazine Revista Ciudadano. From 1984 to 1993, he was Secretary General of the Socialism Youth and Member of the Executive Council of PSOE. He also held the following posts and responsibilities: Director of the Tunnel of Cadi (2004-2006), Chairman of Patronal Pan y Bolleria Marca (COE) (2003-2004), Director of Mutua de Accidentes de Zaragoza (MAZ) (1998-2004), Director of the Panrico Group (1998-2004), Chairman of Observatorio de la Distribucion Comercial del Ministerio de Comercio y Turismo (1994-1996), Member of the Economic and Social Board and its permanent Commission (1991-1993 and 1996-2000), and Director of Tabacalera SA (1993-1996). He graduated in Publicity and Information and studied Law. In addition, he holds a Doctorate in Philosophy degree in Management from Instituto de Estudios Superiores de la Empresa (IESE).

Cesar Alierta Izuel

Mr. Cesar Alierta Izuel serves as Director of Telefonica, S.A. He joined the Company's Board on January 29, 1997. He also acts as Member of the Board of Directors of Telecom Italia SpA, China Unicom (Hong Kong) Limited and International Consolidated Airlines Group (IAG). In addition, he is Member of the Columbia Business School Board of Overseers, and Chairman of the Social Board of the UnED (National Long Distance Spanish University). He began his career in 1970 as General Manager of the Capital Markets division at Banco Urquijo in Madrid where he remained until 1985. From June 1996 until July 2000, he was Chairman of Tabacalera SA which after the merger with the French tobacco company, Seita, became Altadis, SA. Previously, he was Chairman and Founder of Beta Capital, which he combined with his post as Telefonica Chairman of the Spanish Financial Analysts’ Association from 1991. He has also been Member of the Board of Directors of the Securities Markets of Madrid as well as Member of the Board of Telefonica Internacional, Plus Ultra Compania de Seguros y Reaseguros, Iberia and Altadis. Since September 2010, he has been Independent Board Member, Chairman of the Remuneration Committee and Member of the Nominating Committee of the Board of Directors of International Consolidated Airlines Group (IAG). He holds a degree in Law from Universidad de Zaragoza and obtained a Masters of Business Administration degree from the Columbia University in New York in 1971.

Maria Eva Castillo Sanz

Ms. Maria Eva Castillo Sanz serves as Director of Telefonica, S.A. since February 2014. She also served as Chairman of Telefonica Europa since September 17, 2012 till February 2014. She joined the Company’s Board of Directors of Telefonica SA on January 23, 2008 and was appointed as President of Telefonica Europa on September 17, 2012. She is Member of the Company's Regulation, Strategy Committees, as well as Member of the Service Quality and Customer Service Committee. She is Member of the Supervisory Board of Telefonica O2 Czech Republic. Until December 2009, she headed the Global Wealth Management business operations in Europe, the Middle East and Africa at Merrill Lynch Bank (Suisse) and the International Trust and Wealth Structuring business. She is Member of the Merrill Lynch EMEA Executive Committee and the Global Wealth Management Executive and Operating Committees. Prior to that, she served as Head of Global Markets & Investment Banking in Iberia, as well as President of Merrill Lynch in Spain, serving previously as Chief Operating Officer for EMEA Equity Markets. She joined Merrill Lynch in 1997 as Head of Equity Markets for Spain and Portugal. In 1999, she was promoted to Country Manager for Spain and Portugal and in 2000 she became Chief Executive Officer of Merrill Lynch Capital Markets Espana. Before joining Merrill Lynch, she worked for Goldman Sachs International in London for a period of five years in the International Equities Department. Prior to that, she worked for five years at the Spanish broker Beta Capital. She holds Bachelor of Arts degrees in Business and Law from Universidad Pontificia Comillas.

Juan Ignacio Cirac Sasturain

Mr. Juan Ignacio Cirac Sasturain serves as Director of Telefonica S.A. since April 8, 2016. He holds a degree in Theoretical Physics from Universidad Complutense de Madrid and Doctorate in Philosophy degree in Physics from the same university.

Jose Javier Echenique Landiribar

Mr. Jose Javier Echenique Landiribar serves as Director of Telefonica S.A. since April 8, 2016. He holds a degree in Economic Sciences from Universidad del Pais Vasco.

Antonio Massanell Lavilla

Mr. Antonio Massanell Lavilla serves as Director of Telefonica, S.A. since April 21, 1995. He also serves as Chairman of the Company's Service Quality and Customer Service Committee, Member of the Innovation Committee, Member of the Audit and Control Committee and Member of the Human Resources and Corporate Reputation and Responsibility Committee. On May 31, 2013, he was appointed Member of the Company's Member International Affairs Committee. He has acted as Executive Deputy General Manager of Caja de Ahorros y Pensiones de Barcelona (la Caixa) since 1999. He has also been Chairman of Port Aventura SA, as well as of Barcelona Digital Centre Tecnologic (formerly Fundacion Barcelona Digital), as well as Member of the Boards of Directors of Boursorama SA, Mediterranea Beach & Golf Resort SL, e-la Caixa SA, Caixa Capital Risc SGECR SA and Serveis Informatics la Caixa SA (SILK). In 1971, he joined Caja de Ahorros y Pensiones de Barcelona, (La Caixa) where he developed several posts. In 1990 he was appointed Assistant Manager and Secretary of the Direction Committee. During his career, he has served as Director of Sociedad Espanola de Medios de Pago (1990-1992), Chairman of the Governing Body of Sistema 6000 of Confederacion Espanola de Cajas de Ahorros (1992-1994), Chairman, Director of Visa Espana (1995-1998), Director of Autema (Autopista Terrasa-Maneresa SACGC) (1991-2003), Director of Inmobiliaria Colonial (1992- 2003), Director of Baqueira Beret (1998-2006) and Director of Occidental Hotels Management BV (2003-2007). He holds a degree in Economics from Universidad de Barcelona.

Ignacio Moreno Martinez

Mr. Ignacio Moreno Martinez serves as Director of Telefonica, S.A. since December 14, 2011. On May 31, 2013, he was appointed as Member of the Company's Regulation Committee, Audit and Control Committee, as well as Service Quality and Customer Service Committee. In the past, he worked at Banco Bilbao Vizcaya Argentaria SA serving as General Director of the Presitent's Office. He also worked at Banco Santander de Negocios and served as Director of Corporate Banking and Private Equity of Mercapital. In addition, he was Deputy General Director of Corporate Banking and Insitutional Banking of Corporacion Bancaria de Espana SA, Chief Executive Officer of Desarrollo Urbanistico Chamartub SA and President of Argentaria Bolsa Sociedad de Valores, as well as he acted as Chief Executive Officer of Vista Capital Expansion SA SGECR - Private Equity. Currently, he acts as Chief Executive Officer of N+1 PRIVATE EQUITY. He holds a Bachelors degree in Business and Economics from Euskal Herriko Unibertsitateko and a Masters degree in Marketing and Commercial Management from Instituto de Empresa, as well as a Masters of Business Administration degree from INSEAD.

Wang Xiaochu

Mr. Wang Xiaochu serves as Director of Telefonica, S.A. since September 30, 2015. He also acted as Deputy Director General and Director General of the Hangzhou Telecommunications Bureau in Zhejiang province; Director General of the Tianjin Posts and Telecommunications Administration; Chairman and Chief Executive Officer of China Mobile (Hong Kong) Limited; Vice President of China Mobile Communications Corporation; an Executive Director, Chairman and Chief Executive Officer of China Telecom Corporation Limited; President and Chairman of China Telecommunications Corporation; and Chairman and a Non-executive Director of China Communications Services Corporation Limited. He holds a Doctorate in Philosophy degree in Business Administration from the Hong Kong Polytechnic University in 2005.

Peter Erskine

Mr. Peter Erskine serves as Independent Director of Telefonica, S.A. since 2014. Until December 31, 2007, he served as Executive Member of the Company's Board. Moreover, he is Member of the Company's Innovation Committee and Chairman of the Strategy Committee. He acts as Director of Telefonica Europe Plc, Chairman of Ladbrokes Plc and Member of the Advisory Board of Henley Management Centre. He began his professional career in the field of Marketing and Trade Mark Management at Polycell and Colgate Palmolive. He worked for several years at the Mars Group, being appointed European Vice Chairman of Mars Electronics. In 1990, he was appointed Vice Chairman of Marketing and Sales of Unitel. From 1993 to 1998, he held a number of senior positions, including Director of BT Mobile and President and Chief Executive Officer of Concert. In 1998, he became Managing Director of BT Cellnet. Subsequently, in 2001, he was named Chief Executive Officer and Member of the Board of Directors of O2 Plc (currently Telefonica Europe Plc.). From July 2006 until December 2007, he acted as General Manager of Telefonica Europe of Telefonica SA. In 2008, he joined the Telecom Advisory Boards of Apax Partners and MacQuarie European Infrastructure Fund and was Member of the Strategy Advisory Board of Henley Management Centre. In January 2009, he joined the Board of Directors of Ladbrokes PLC as Non-Executive Officer. He obtained a degree in Psychology from the University of Liverpool in 1973.

Luiz Fernando Furlan

Mr. Luiz Fernando Furlan serves as Independent Director of Telefonica, S.A. since January 23, 2008. He also acts as Member of the Company's International Affairs Committee. He acts as Chairman of the Board of Directors of Brasil Foods SA and Amazonas Sustainability Foundation. He is also Member of the Board of Directors of Telefonica Internacional SAU, Telecomunicacoes de Sao Paulo SA, Redecard SA and Amil Participacoes SA. In addition, he acts as Member of the Advisory/Consultive Board of Panasonic (Japan) and McLarty & Associates (USA). He was Minister of Development, Industry and Foreign Trade of the Govern of Brazil from 2003 of to 2007. Previously, he was Member of the Board of Directors of several other companies in Brazil and abroad, including Sadia SA, Embraco SA (Brasmotor Group, Brazil), Panamco (Pan American Beverages Inc USA) and Telefonica SA (Spain). He also served as Member of the Consulting Board of IBM in Latin America and ABN Amro Bank in Brazil, as well as President of ABEF (Brazilian Chicken Exporters Association), ABRASCA (Brazilian Association of Public Owned Companies) and MEBF (Mercosur European Union Business Forum). In addition, he acted as Vice President of Sao Paulo Entrepreneurs Association (FIESP). He holds a Bachelors degree in Chemical Engineering from Faculdade de Engenharia Industrial (FEI) and a Bachelors degree in Business Administration from the Santana University, with a specialization in Financial Administration from Fundacao Getulio Vargas (FGV).

Sabina Fluxa Thienemann

Ms. Sabina Fluxa Thienemann serves as Independent Director of Telefonica, S.A. since April 4, 2016. She is also Member of the Board of Directors at Dragados SA and Iberostar Hoteles y Apartamentos SL. She holds a Bachelors degree in Business Administration and Management from Universitat Ramon Llull and a Masters of Business Administration degree from ESADE.

Gonzalo Hinojosa Fernandez de Angulo

Mr. Gonzalo Hinojosa Fernandez de Angulo serves as Independent Director of Telefonica, S.A. since April 12, 2002. He also acts as Member of the Executive Committee of the Company, Member of the Nominating, Compensation and Corporate Governance Committee, and Member of the Human Resources and Corporate Reputation and Responsibility Committee. Till April 24, 2013, he served as Chairman of the Company's Audit and Control Committee, when he became its Member. In addition, he was named Chairman of the Company's Regulation Committee on April 24, 2013. Moreover, he is Member of the Company's Service Quality and Customer Service Committee, Member of the Strategy Committee and Member of the International Affairs Committee. From 1976 to 1985, he served as General Manager of Cortefiel SA. After that, and until his appointment as Chairman of Grupo Cortefiel (from 1998 to 2006), he served as Chief Executive Officer of Grupo Cortefiel. From 1991 to 2002, he acted as Director of Banco Central Hispano Americano and Director of Portland Valderribas. In addition, he acted as Director of Altadis SA and Dinamia Capital Privado SA SCR. He holds a degree in Industrial Engineering from Industrial Engineers Technical School of the Universidad Politecnica de Madrid.

Pablo Isla Alvarez de Tejera

Mr. Pablo Isla Alvarez de Tejera serves as Independent Director of Telefonica, S.A. since April 12, 2002. He also acts as Member of the Company's Nominating, Compensation and Corporate Governance Committee, and Member of the Human Resources and Corporate Reputation and Responsibility Committee. Until May 31, 2013, he acted as Member of the Service Quality and Customer Service Committee. Moreover, he acted as Chairman of the Company's Regulation Committee till April 24, 2013, when he became its Member. He has been Vice Chairman and Chief Executive Officer of Inditex SA since June 2005. He began his professional career in 1988 as Attorney General with the Spanish Ministry of Transport, Tourism and Communications and in 1991 he joined the Spanish General Direction of Legal Services. From 1992 to 1996, he served as General Manager of the Legal Services Department of Banco Popular. In 1996, he was appointed General Manager of the National Heritage Department of the Treasury Ministry. He served as General Secretary of Banco Popular Espanol, from 1998 to 2000. In July 2000, he became Chairman of the Board of Grupo Altadis. He holds a Bachelors degree in Law from Universidad Complutense de Madrid. In 1988, he joined The Body of State Lawyers.

Peter Loscher

Mr. Peter Loscher serves as Independent Director of Telefonica S.A. since April 8, 2016. He holds a degree in Economics from Economics University, Vienna and Masters of Business Administration degree from the same university.