Retelit announced the appointment of Jorge Álvarez as Chief Executive Officer, succeeding Federico Protto, who remains temporarily at the Group, supporting the Board of Directors, to ensure due continuity in the transition. The new CEO will seek to lead the Group into a new phase of consolidation and growth, including following the integration with Irideos. Following the finalisation of the acquisition of Irideos and the start of the integration and refinancing of the Retelit Group, Federico Protto is stepping down as CEO to pursue other professional opportunities.

Jorge Álvarez brings more than 20 years of experience in the global telecommunications industry to the Retelit team. A telecommunications engineer, Jorge has held positions at Nortel Networks, H3G and Telefónica and holds an MBO from Duke University.