The board of directors of Euskaltel has dismissed current CEO Fernando Ojeda and proposed former Microsoft executive Francisco Arteche as his replacement. The board also confirmed that Alberto Garcia Erauzkin will remain as group chairman while Elisabetta Castiglioni and Miguel Angel Lujua will be proposed as new independent directors. Euskaltel's shareholders are set to vote on the proposals at a meeting scheduled for 27 June, 2016.