The Euskaltel Group’s Board of Directors has unanimously agreed to appoint José Miguel García as the Group’s new CEO, following a favourable report from the Appointments and Remunerations Committee.

The Board said it regards García as the right professional to update and invigorate the Euskaltel Group’s Business and Action Plan in the coming years and to strengthen the Group’s leadership in the face of the new challenges raised by the industry’s difficult situation in Europe and Spain, and due to the need for a fresh approach to ensure the strategic objectives are met to make the Euskaltel Group a profitable growth project, based on the sustainability of the current business and faster growth.

The Board of Directors also agreed to end the contractual relationship with the current CEO, Francisco Arteche.

With the appointment of the new CEO, the telecom group seeks to strengthen its value generation objective for the company and generate returns for its shareholders, as well as to consolidate its technological leadership in the market, strengthen its customer focus, develop specific communication solutions for companies and individuals, maximise synergies and, consequently, improve results, maintaining the local roots of the Euskaltel, Telecable and R brands by means of a consistent Group culture.

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