By Adria Calatayud


Cellnex Telecom SA said it has appointed Anne Bouverot as nonexecutive chairwoman, replacing Bertrand Boudewijn Kan less than a week after shareholder TCI Fund Management Ltd. sent a letter to the company saying it would seek his removal.

The Spanish telecommunications-infrastructure company said late Monday that Mr. Kan, who was appointed chairman in January 2021, would remain as an independent director.

Ms. Bouverot, who was formerly head of mobile industry association GSMA, has been an independent director of Cellnex since May 2018, the company said.

In a letter dated last Thursday, activist investor TCI said it would propose resolutions at Cellnex's annual general meeting to oust Mr. Kan as well as directors Peter Shore and Alexandra Reich. It said it intended to propose the appointment of TCI's Jonathan Amouyal as a director. Cellnex declined to comment at the time.


Write to Adria Calatayud at adria.calatayud@dowjones.com


(END) Dow Jones Newswires

03-28-23 0139ET