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Telefonica SA (TEF.N)

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Summary

Name Age Since Current Position

Jose Maria Alvarez-Pallete Lopez

55 2017 Executive Chairman of the Board, Chief Executive Officer

Jose Maria Abril Perez

67 2011 Vice Chairman of the Board

Isidro Faine Casas

77 2000 Vice Chairman of the Board

Laura Abasolo Garcia de Baquedano

2018 Chief Finance and Control Officer

Angel Vila Boix

54 2018 Chief Operating Officer, Executive Director

Marta Machicot

2018 Chief People Officer

Pablo De Carvajal Gonzalez

2019 General Counsel & Regulatory Affairs, Secretary

Juan Francisco Gallego Arrechea

2018 General Manager of Internal Audit

Jose Maria Alonso

Chief Data Officer

Guillermo Ansaldo Lutz

57 2011 Chief Global Resources Officer

Mariano de Beer

Chief Commercial Digital Officer

Mark Evans

2018 Head of Telefonica United Kingdom

Emilio Gayo Rodriguez

2019 Head of Telefonica Spain

Christian Gebara

2018 Head of Telefonica Brazil

Alfonso Gomez Palacio

2019 Head of Telefonica Hispam North

Markus Haas

45 2018 Head of Telefonica Germany

Enrique Lloves

2018 Chief Strategy and Corporate Development Officer

Eduarado Navarro

2018 Chief Comms, Brand, Public Affairs & Sustainability Officer

Bernardo Quinn

2019 Head of Telefonica Hispam South

Peter Erskine

67 2019 Director

Jordi Gual Sole

62 Director

Ignacio Moreno Martinez

61 2011 Director

Xiaochu Wang

60 2015 Director

Juan Ignacio Cirac Sasturain

54 2016 Independent Director

Francisco Javier de Paz Mancho

60 2017 Independent Director

Jose Javier Echenique Landiribar

68 2016 Independent Director

Luiz Fernando Furlan

72 2008 Independent Director

Sabina Fluxa Thienemann

39 2016 Independent Director

Maria Luisa Garcia Blanco

53 2018 Independent Director

Carmen Garcia de Andres

56 2017 Independent Director

Peter Loscher

62 2016 Independent Director

Francisco Jose Riberas Mera

55 2017 Independent Director

Biographies

Name Description

Jose Maria Alvarez-Pallete Lopez

Mr. Jose Maria Alvarez-Pallete Lopez serves as a Executive Chairman of the Board, Chief Executive Officer of Telefonica, S.A. He has a degree in Economics from the Complutense University of Madrid. He also studied Economics at the Université Libre of Brussels (Belgium), holds an International Management Programme (IMP) from IPADE Business School and an Advance Research Degree from the Department of Financial Economics and Accounting of Complutense University of Madrid. In February 1999 he joined the Telefónica Group as Chief Financial Officer of Telefónica Internacional, S.A.U. In September of that same year, he became Chief Financial Officer of Telefónica, S.A. In July 2002, he was appointed Executive Chairman of Telefónica Internacional, S.A.U.; in July 2006, General Manager of Telefónica Latinoamérica; and in March 2009, Chairman of Telefónica Latinoamérica. In September 2011, he was named Chairman of Telefónica Europe. And in September 2012 he was appointed Chief Operating Officer of Telefónica, S.A. Since April 8, 2016, he is Executive Chairman of Telefónica S.A. and member of the Board of Telefónica S.A., position he holds since July 2006. He began his professional career at Arthur Young Auditors in 1987 before he joined Benito & Monjardín/Kidder, Peabody & Co. in 1988. In 1995 he joined Compañía Valenciana de Cementos Portland CEMEX as head of the Investor Relations and Analysis department. In 1996 he was promoted to Chief Financial Officer in Spain, and in 1998 to Chief Administration and Finance Officer of the CEMEX Group in Indonesia and member of the Board of Directors of CEMEX Asia Ltd. In 2001, he was granted with “CFO Europe Best Practices” award in the Mergers & Acquisitions 2000 by CFO Europe Magazine. In April 2003, he was appointed Member of Merit at the Ibero-American Forum of the Fundación Carlos III, and in 2007 he was awarded with the Gold Master of the Executive Management Forum.

Jose Maria Abril Perez

Mr. Jose Maria Abril Perez serves as a Vice Chairman of the Board of Directors of Telefonica, S.A. since December 14, 2011. He holds a degree in Economics by the University of Deusto and he has been Professor of such University during nine years. 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. From 1975 to 1982 he became Financial Manager of the Sociedad Anónima de Alimentación (SAAL). Since then, and until he joins the 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 the Banco Bilbao. From January to April 1993, he was appointed Executive Coordinator of Banco Español de Crédito, S.A. In 1998, he became General Manager of the Industrial Group. In 1999, he became Member of the Executive Committee of the BBV Group. He has been also Member of the Board of Directors of Repsol, Iberia and Corporación IBV, and Vice-Chairman of Bolsas y Mercados Españoles (BME).

Isidro Faine Casas

Mr. Isidro Faine Casas has served as a Vice Chairman of the Board of Directors of Telefonica, S.A. since 2000. He holds a Doctorate in Economics, an International Senior Managers Program certificate in Business Administration from Harvard University, and a Diploma in Senior Management from the IESE Business School. He is a member of the Royal Academy of Economics and Finance and of the Royal Academy of Doctorate Holders. Mr. Fainé began his professional banking career as Investment Manager for Banco Atlántico in 1964, later becoming General Manager of Banco de Asunción in Paraguay in 1969. On his return to Barcelona, he held various management positions in financial entities: Head of Personnel at Banca Riva y García (1973), Director and General Manager of Banca Jover (1974) and General Manager of Banco Unión (1978). In 1982, he joined ”la Caixa” as Deputy Executive General Manager, subsequently taking on various positions of responsibility. In April 1991, he was appointed Deputy Executive Managing Director and in 1999 rose to General Manager of the bank, before becoming Chairman from June 2007 to June 2014. He was the Chairman of CaixaBank, S.A. since 2011 until his resignation as a member of the Board of Directors in 2016. Isidro Fainé is Chairman of the Board of trustees of the Caixa d’Estalvis i Pensions de Barcelona ”la Caixa” Banking Foundation and of Criteria Caixa, S.A.U., and Honorary Chairman of Naturgy Energy Group, S.A., as well as a member of Board of Directors of The Bank of East Asia, and of Suez. He is currently the Chairman of the Spanish Confederation of Savings Banks (CECA) and Vice-Chairman of the European Savings Banks Group (ESBG).

Laura Abasolo Garcia de Baquedano

Ms. Laura Abasolo Garcia de Baquedano serves as Chief Finance and Control Officer of Telefonica, S.A. 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, both from Universidad de Deusto and a Masters of Business Administration degree in International Business from the Norwegian School of Economics and Business Administration.

Angel Vila Boix

Mr. Angel Vila Boix serves as the Chief Operating Officer, Executive Director of Telefonica S.A. Mr. Vilá graduated in Industrial Engineering from Universitat Politècnica de Catalunya in Barcelona and holds a MBA from Columbia Business School where he studied with a Fulbright La Caixa fellowship. He is a Trustee in the Telefónica Foundation. Mr. Vilá joined Telefónica in 1997. He held positions of Group Controller, CFO of Telefónica Internacional, Group Head of Corporate Development and Chief Financial and Corporate Development Officer. In 2015 he was appointed Chief Strategy and Finance Officer. Prior to joining Telefónica, he held positions at Citigroup, McKinsey&Co, Ferrovial and Planeta. In the financial sector, he has served in the Board of directors of Banco Bilbao Vizcaya Argentaria (BBVA) and on the Advisory Panel of Macquarie MEIF Infrastructure funds. In the TMT sector (Technology, Media abd Telecom), he was Chairman of Telefónica Contenidos, Vice Chairman of Telco Spa (Italy) and Board member of Endemol, Digital+, Atento, Telefonica Czech, CTC Chile, Indra SSI and Terra Lycos. Institutional Investor nominated Angel Vilá as the Best CFO in European Telecoms in 2015. He was also honored with the Thomson Reuters Extel Awards as Best CFO in Spain both in 2013 and 2014, as well as Best CFO for Telecommunications in Europe in 2014.

Marta Machicot

Pablo De Carvajal Gonzalez

Juan Francisco Gallego Arrechea

Jose Maria Alonso

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 Telefonica de Espana, 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.

Mariano de Beer

Mark Evans

Emilio Gayo Rodriguez

Christian Gebara

Alfonso Gomez Palacio

Markus Haas

Mr. Markus Haas is Head of Telefonica Germany of Telefonica S.A. 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.

Enrique Lloves

Eduarado Navarro

Bernardo Quinn

Peter Erskine

Mr. Peter Erskine has served as Director of Telefonica, S.A. since 2019. He holds a Degree in Psychology from Liverpool University and an Honorary Doctorate from University of Reading. He is currently Chairman of the Henley Business School Strategy Board, he is a Member of the Council of the University of Reading, and also serves as a Member of the University’s Strategy and Finance Committee. Since 2016, he is a Member of the Supervisory Board of Telefónica Deutschland Holding AG. Mr. Erskine began his career in the field of Marketing in Polycell and in Colgate Palmolive. He worked for several years at the Mars Group, subsequently being appointed European Vice-Chairman of Mars Electronics. In 1990, he was appointed Vice-Chairman of Marketing and Sales of Unitel. He joined British Telecom (BT) in 1993-1998, where 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 became Chief Executive Officer and a member of the Board of Directors of O2 Plc. (now Telefónica Europe Plc.) and was appointed Chairman in 2006, in which capacity he served until 31 December 2007, then becoming a non-Executive Director. In January 2009, he joined the Board of Ladbrokes PLC as a Non-Executive Director, becoming Chairman in May 2009. He stood down from the Board in December 2015, having taken a lead role in the merger of Ladbrokes PLC with Gala Coral Group.

Jordi Gual Sole

Mr. Jordi Gual Sole is Director of the Company. He holds a PhD in Economics (1987) from the University of California at Berkeley and is a professor of Economics at the IESE Business School and a Research Fellow at the Centre for Economic Policy Research (CEPR) in London. Mr. Gual is Chairman of CaixaBank since July 2016. Previously, he was Head of Strategic Planning and Studies for CaixaBank and Director General of Planning and Strategic Development for CriteriaCaixa. He joined the “la Caixa” group in 2005. He is currently a member of the Boards of Directors of Telefonica and member of the Supervisory Board of Erste Group Bank. He is also member of the Market Monitoring Group of the Institute of International Finance (IIF), Chairman of FEDEA, Vice President of the Círculo de Economía and of the Fundación Cotec para la Innovación and serves on the boards of the CEDE Foundation, the Institución Cultural del CIC and the Real Instituto Elcano. He has served as member of the Board of Directors of Repsol, economic advisor for European Commission’s Directorate-General for Economic and Financial Affairs in Brussels and as a visiting professor at the University of California at Berkeley. Mr. Gual has published extensively on banking issues, European integration, regulation and competition policy. In 1999 he received the Research Award of the European Investment Bank, and in 1979 he graduated with honors in Economics and Business.

Ignacio Moreno Martinez

Mr. Ignacio Moreno Martinez has served as a Director of Telefonica, S.A. since December 14, 2011. He Dhas a dgree in Economics and Business Studies from the University of Bilbao. MBA from INSEAD. He is currently Chairman of Metrovacesa, S.A., and member of the Board of Directors of Telefónica, S.A. and Roadis Transportation Holding, S.L.U. Likewise, he is Senior Advisor of BC Partners for Spain. Until October 2016 he was CEO of Metrovacesa, S.A. Previously, he held the Presidency of the Company. In addition, he also served as General Manager of the Chairman’s Office at Banco Bilbao Vizcaya Argentaria, S.A., CEO of N+1 Private Equity and CEO of Vista Capital Expansión, S.A., SGECR (Private Equity). He also served as Deputy General Manager of Corporate and Institutional Banking at Corporación Bancaria de España, S.A. – Argentaria, CEO of Desarrollo Urbanístico Chamartín, S.A. and Chairman of Argentaria Bolsa, Sociedad de Valores. Previous posts include Office Manager, Head of Corporate Banking and Senior Director of Private Equity at Banco de Vizcaya, Banco Santander de Negocios, and Mercapital.

Xiaochu Wang

Mr. Wang Xiaochu has served as a Director of Telefonica, S.A. since September 30, 2015. Mr. Wang, a professor level senior engineer, graduated from Beijing Institute of Posts and Telecommunications in 1989 and received a doctorate degree in business administration from the Hong Kong Polytechnic University in 2005. Mr. Wang served 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; Chairman of China Telecommunications Corporation; and Chairman and a Non-executive Director of China Communications Services Corporation Limited. Mr. Wang serves as the Chairman of China United Network Communications Group Company Limited (“Unicom Group”), China United Network Communications Limited and China United Network Communications Corporation Limited, and as an Executive Director, Chairman and Chief Executive Officer of China Unicom (Hong Kong) Limited. Mr. Wang has extensive experience in management and telecommunications industry.

Juan Ignacio Cirac Sasturain

Mr. Juan Ignacio Cirac Sasturain has served as an Independent Director of Telefonica S.A. since May 12, 2016. He holds Ph. D. in Physics, Universidad Complutense de Madrid and Graduated in Theoretical Physics, by such University. Fields of Specialization in Quantum Optics, Quantum Computer, Atomic Physics. Regarding his professional experience, it is worth stressing: Director of International Max-Planck Research School Quantum Science and Technology (since 2016); Managing Director, Max- Planck Institut für Quantenoptik (2014-2015 and 2005- 2007); “Honorarprofessor”, Technical University of Munich (Department of Physics) (since 2002); Director of the Theory Division, Max- Planck Institut für Quantenoptik and member of the Max- Planck society (since 2001); Profesor, Institut für Theoretische Physik, Leopold Franzens Univesität Innsbruck (1996-2001); Research Associate, Joint Institute for Laboratory Astrophysics, University of Colorado (1993- 1994); “Full Profesor”, Applied Physics Department, Castilla La Mancha University (1991-1996); Fellow “Training of Investigatory Staff” (General Prog.), Optics Division, Universidad Complutense of Madrid (1989-1991). Among other activities, could be mentioned the following: Member of the Advisory Council of Fundación La Caixa, Member of the Advisory Board of the Institute for the Interdisciplinary Information Sciences, Tsinghua University (since 2015); Member of the Advisory Board of the Russian Quantum Center (since 2012); Member of the Advisory Board of Annalen der Physik (since 2012); Member of the Scientific Committee, Fundación BBVA (since 2010); Member of the Review Panel, QSIT, Swiss National Science Foundation (2011-2017); Member of the Governing Council of the Spanish public Council for Scientific Research (2008-2010); Member of the Advisory Board of Science Center of Benasque (since 2008); Member of the CIAR Review Panel, Toronto, Canada (2007-2008); Member of the xQIT Visiting Committee, MIT (2007-2009).

Francisco Javier de Paz Mancho

Mr. Francisco Javier de Paz Mancho serves as an Independent Director of Telefonica, S.A. since December 19, 2007. Mr. de Paz has a degree in Publicity and Information and studies in Law. He holds a PhD in Management from the IESE (University of Navarra). He is Chairman of Telefónica Ingeniería de Seguridad, S.A., and Director of Telefónica Móviles de Argentina, S.A., Telefônica Brasil, S.A. and Telefónica Móviles México, S.A. de C.V. From September 2014 to March 2016 was Chairman of Telefónica Gestión de Servicios Compartidos, S.A.U. From July 2006 to November 2014 he was Member of the Executive Committee of the Chamber’s Board (Consejo Superior de Cámaras). Since 2008 and until May 10, 2018, he has been a Director of Telefónica Argentina, S.A. From December 2008 to December 2012 he has been Chairman of Atento Inversiones y Teleservicios, S.A. From 2004 to 2007, he was Chairman of the National Company MERCASA. He has been also Deputy Chairman and Manager of Corporate Strategy Manager of the Panrico Donuts Group (1996-2004), General Manager of Internal Trade of the Ministry of Tourism and Commerce (1993-1996), Secretary of the Spanish Consumers Association (UCE), CEO of the Magazine “Revista Ciudadano” (1990-1993) and General Secretary of the Socialism Youth and Member of the Executive Council of PSOE (1984-1993). He also served the following posts and responsibilities: Director of the Tunnel of Cadí (2004-2006), Chairman of the Patronal Pan y Bollería Marca (COE) (2003-2004), Director of Mutua de Accidentes de Zaragoza (MAZ) (1998-2004), Director of the Panrico Group (1998-2004), Chairman of the Observatory of Trading of the Spanish Ministry of Tourism and Commerce (1994-1996), Member of the Economic and Social Board and it’s permanent Commission (1991-1993 and 1996-2000), and Director of Tabacalera, S.A. (1993-1996).

Jose Javier Echenique Landiribar

Mr. Jose Javier Echenique Landiribar has served as an Independent Director of Telefonica S.A. since May 12, 2016. He holds a Degree in Economic and Actuarial Sciences from the Basque Country University (UPV), and professor of Social Security Quantitative Techniques of the Economic Sciences School of Bilbao, UPV, for several years. He has been Board Member and General Director of Allianz-Ercos, General Director of BBVA Group (responsible for wholesale business: Global Investment Banking, Global Corporate Banking, Corporate Banking, Management Banking, Local Loan Bank, Asset Management, Europe Banking, Insurance and Social Security, EBusiness, and Real Estate and Industrial Group). He has also been Member of the Board of Directors of Repsol, S.A., Celestics Holding, S.L., Banco Guipuzcoano, S.A. (Chairman), Telefónica Móviles, S.A., Sevillana de Electricidad, S.A. Acesa, Hidroeléctrica del Cantábrico, Corporación IBV, Metrovacesa, Corporación Patricio Echeverría, Grupo BBVA Seguros, Grupo Edhardt, Uralita, Grupo Porres (Mexico), and Abertis Infraestructuras, S.A. He is now Member of the Board of Directors of Banco Sabadell (Vice President), Telefónica, S.A., Telefónica Móviles México, S.A. de C.V, Telefónica Audiovisual Digital, S.L.U., ACS Actividades de Construcción y Servicios, S.A., ACS Servicios, Comunicaciones y Energía, S.L. and Grupo Empresarial ENCE, S.A. He is also Trustee of Novia Salcedo Foundation, Member of the Deusto Business School Board of Trustees, Member of the Basque Businessmen Circle and of the McKinsey Advisory Council.

Luiz Fernando Furlan

Mr. Luiz Fernando Furlan serves as an Independent Director of Telefonica, S.A. since January 23, 2008. He is graduated in Chemical Engineering from FEI (Industrial Engineering Faculty of São Paulo) and in Business Administration from University of Santana - São Paulo, with specialization in financial administration from Fundação Getúlio Vargas - São Paulo. He is currently a member of the Board of Directors of BRF, S.A. (Brazil), and Telefônica Brasil, S.A. (Brazil) and Chairman of the Deliberative Council of SP Negocios (Brazil) – a private-law, autonomous social service entity, associated, by cooperation, with the Municipal Secretary of Finance of the city of São Paulo. He was Minister of Development, Industry and Foreign Trade of the Govern of Brazil from 2003 to 2007. Previously, he was Chairman of the Board of Directors of Sadia, S.A., Co-Chairman of the Board of Directors of BRF, S.A., member of the Board of Directors of AGCO Corporation (USA), member of the Advisory/Consultative Board of Panasonic (Japan), Wal-Mart (USA) and Abertis Infraestructuras, S.A. (Spain).

Sabina Fluxa Thienemann

Ms. Sabina Fluxa Thienemann has served as an Independent Director of Telefonica, S.A. since April 4, 2016. She has a degree in Business Management and Administration and an MBA from ESADE. She has also studied a High Business Management Program at IESE. She joined Iberostar Group in January 2005, where she currently is Vice President & CEO. She is also Regional Advisory Board Member of BBVA; Member of the Board of Directors of APD Illes Baleares; and Sponsor of Iberostar Foundation. Grupo Iberostar is a Spanish multinational company, 100% family-owned, and based in Palma de Mallorca (Spain), which operates in the tourist business since 1956. Its commercial presence extends to 35 countries, it exceeds 32,000 employees and serves 8 million customers per year. The core business of the company is the hotel business, for which it has 120 4- and 5- star hotels in 18 countries across three continents.

Maria Luisa Garcia Blanco

Ms. Maria Luisa Garcia Blanco is Independent Director of the Company. She holds a law degree from the University of Córdoba (Spain). Government Lawyer. Class of 1992. Founding Partner at law firm Salama García Blanco (Government Lawyer on leave of absence since October 2013), the main practices of the firm being: administrative and constitutional law, advice and technical defense of credit institutions, civil and commercial litigation, and arbitration. (Arbitrator in the Spanish Court of Arbitration, in the Court of Arbitration of the Official Chamber of Commerce, Industry and Services of Madrid and in the Civil and Commercial Court of Arbitration -CIMA-). Previously, she was Deputy Director-General of Constitutional Law and Human Rights and Government Lawyer-Head of the Constitutional Law and Human Rights Department. Agent of the Kingdom of Spain before the European Court of Human Rights. Coordinator-Chief of the Delegation of Spain before the various UN Committees in Geneve (2002-2013).

Carmen Garcia de Andres

Ms. Carmen Garcia de Andres has served as an Independent Director of Telefonica S.A. since May 4, 2017. She holds a degree in Economic and Business Sciences from Universidad Pontificia de Comillas, ICADE. Currently, Ms. García is Chairwoman of Tomillo Foundation. She joined PricewaterhouseCoopers (Coopers & Lybrand Legacy) in 1985, being promoted as Head officer in 1995 and Associate in 2000. Since then, she held various leadership positions at Ladwell -Abogados y Asesores Fiscales as well as at PwC. Ms. García is specialized in advice of large companies, and she has been representative of the Spanish brand at the International Specialist Group in Indirect Taxation for more than six years. Since 1998, she has being counseling international companies established in Spain with a major worldwide involvement. Since 2004 until 2007, she has been Managing Partner of the Gran Consumo, Distribución, Industria y Servicios Group of Madrid with more than 30 experts in legal and taxation areas. Likewise, during the years 2005 and 2007, she was responsible of Diversity Program, Women in PwC. Since 2006, she has been Member of the Trust of Tomillo Foundation, and became the Managing Director of this non-profit institution in March 2008, and its Executive Chairwoman since 2014. She is currently head of the Tomillo Tietar Foundation and member of its Trust. Moreover, since 2013 until April 2017, she has been Chairwoman of the Young Business Spain Foundation and Ms. García is currently member of its Trust. Since June 2011, Ms. García has been member of the Board of Directors of the Asociación Española de Fundaciones (AEF), and she is currently its Treasurer. Currently, she is member of the Trust of Rais and Xavier de Salas Foundations, as well as Member of the Board of Directors of the collective initiative Juntos por el Empleo de los más desfavorecidos.

Peter Loscher

Mr. Peter Loscher has served as an Independent Director of Telefonica S.A. since April 8, 2016. He studied economics at Vienna University of Economics and Business at the Chinese University of Hong Kong. He got his MBA from Vienna University of Economics, and completed the Advanced Management Program (AMP) at Harvard Business School. He is Chairman of the Supervisory Board of OMV Aktiengesellschaft and of Sulzer AG, and member of the Board of Directors of TBG AG, Switzerland. From March 2014 to March 2016 he was CEO of Renova Management AG, Switzerland. Former President and CEO of Siemens AG. Previously President of Global Human Health and Member of the Executive Board of Merck & Co., Inc., CEO of GE Healthcare Bio – Sciences and member of GE’s Corporate Executive Council, COO and member of the Board of Amersham Plc. Senior leadership positions in Aventis and Hoechst. He was Chairman of the Board of Trustees of Siemens Foundation and is Member Emeritus of the Advisory Board of the Economic Development Board of Singapore, and also Member of the International Advisory Council of Bocconi University. He is Honorary Professor at Tongji University Shanghai, holds an Honorary Doctorate of Engineering from Michigan State University and is Doctor Honoris Causa of Slovak University of Engineering in Bratislava. He holds the Grand Decoration of Honor in Gold of the Republic of Austria, the Order of Friendship of the Russian Federation and is Knight Commander of the Order of Civil Merit of Spain.

Francisco Jose Riberas Mera

Mr. Francisco Jose Riberas Mera is Independent Director of the Company. He has a degree in Law (1987) and in Economics and Business Administration (1988) from Comillas Pontifical University (ICADE E-3), Madrid. He started his professional career at Gonvarri Group, where he held different positions such as Director of Corporate Development, and later he became the Chief Executive Officer. He promoted the creation of Gestamp Automoción in 1997 and has been since then its Chief Executive Officer. He is part of the management bodies of certain companies of the Gestamp’s Group as well as other Acek Group companies (including companies belonging to Gonvarri Group, Acek Renewables Energy and Inmobiliaria Acek Group). Outside Acek Group, he is member of the Board of Directors of Telefónica, CIE Automotive, Global Dominion Access and Sideacero. Furthermore, he is Chairman of the Instituto de la Empresa Familiar and collaborates with the Endeavor foundation, among others.