25th Jul 2007 17:41
Telefonica SA25 July 2007 TELEFONICA S.A., as provided in article 82 of the Spanish Securities MarketAct (Ley del Mercado de Valores) and in accordance with set forth in paragraph 4of article 6 of Royal Decree 377/1991, of March 15th, regarding the announcementof significant participations in quoted companies, hereby reports the following SIGNIFICANT EVENT Whereas at the meeting of the Board of Directors of the Company held on the datehereof, Gregorio Villalabeitia Galarraga resigned as Director, which entailedhis ceasing to hold office as Vice-Chairman of the Board, and as a member of theExecutive Committee and of the Audit and Control, Regulation and InternationalAffairs Committees. The Board of Directors thanked Gregorio Villalabeitia most especially for hisenormous dedication and extremely hard work as a member of the Board for nearlysix years. The Board of Directors also unanimously resolved, preceded by the relevantfavourable report from the Nominating, Remuneration and Corporate GovernanceCommittee, the interim appointment of the new Board member Jose Maria AbrilPerez, as proprietary Director. He has also been appointed as a member of theExecutive Committee of the Board of Directors. Lastly, the Board also approved, unanimously and preceded by the relevantfavourable report of the Nominating, Remuneration and Corporate GovernanceCommittee, the appointment of Vitalino Nafria Aznar as Vice-Chairman of theBoard of Directors. Madrid, July 25th, 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TDE.L