Portugal Telecom, SGPS S.A. announced that its Board of Directors has approved, in a meeting held March 17, 2015, to appoint by co-optation, as member of the Board of Directors, to complete the current term of office (2012-2014), Jo o Manuel Pisco de Castro, to replace Paulo Jos Lopes Varela, who has resigned from the respective office as member of PT SGPS's Board of Directors.