DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Change of
Personnel
Telefónica Deutschland Holding AG: Change to the Board of Management
of Telefónica Deutschland

29.01.2014 / 21:25

29 January 2014

Change to the Board of Management of Telefónica Deutschland

* René Schuster exits as CEO of Telefónica Deutschland
* René Schuster's responsibilities will be transferred to Chief Financial
Officer Rachel Empey and Chief Strategy Officer Markus Haas, who will
jointly lead the Management Board
* Rachel Empey will lead the operational business and Markus Haas the
preparation of the E-plus integration in addition to their existing roles

MUNICH. The Supervisory Board of Telefónica Deutschland has approved a
mutual agreement according to which René Schuster leaves the company on 31
January 2014, but he remains in an advisory role for Eva Castillo,
Chairperson of the Supervisory Board of Telefónica Deutschland Holding AG.

René Schuster joined Telefónica in 2009. During the last five years he has
led the transformation of the German business. He was also responsible for
the successful acquisition and integration of HanseNet including the
restructuring of the business. In this period Telefónica Deutschland led
the market in mobile data and extended its customer access base to over 25
million. René Schuster led the successful acquisition of one of the first
LTE spectrum licences in Europe as well as the subsequent rollout of the
LTE network. The company was also recognised as one of the best places to
work in Germany. René managed the largest IPO in Europe in 2012 with
Telefónica Deutschland now being the largest company in the TEC-DAX.
Finally under his leadership the company was able to enter into the
purchase agreement for E-plus in order to build a leading digital Telco.

René Schuster's full responsibilities as CEO will be transferred to Markus
Haas and Rachel Empey. Both will lead the management board of Telefónica
Deutschland. Rachel Empey will lead the operational business and Markus
Haas the preparation of the E-plus integration in addition to their
existing roles. They also will jointly take René Schuster's seat in the
European Telefónica Executive Committee.

Rachel Empey joined the Telefónica Group in 2004, and has worked for
Telefónica Deutschland since 2009, becoming CFO in 2011. Markus Haas, has
worked for the Company since 1998 and became CSO in 2009.

Eva Castillo, Chairperson of the Supervisory Board of Telefónica
Deutschland Holding AG, said: 'René has made an enormous contribution to
the business over the last five years and he will leave the role with our
gratitude and best wishes for the future. Rachel and Markus combine
extensive financial and operational leadership experience in one of our
most important markets. They both have considerable understanding of the
industry challenges and opportunities which are of greatest importance to
our investors. I welcome them in their new roles'.

Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange
in the Prime Standard, and its wholly-owned, operationally active
subsidiary Telefónica Germany GmbH & Co. OHG belong to Telefónica Europe
and are part of the Spanish telecommunication group Telefónica S.A. The
company offers its German private and business customers post-paid and
prepaid mobile telecom products as well as innovative mobile data services
based on the GPRS, UMTS and LTE technologies with its product brand O2. In
addition, the integrated communications provider also offers DSL fixed
network telephony and high-speed internet. Telefónica Europe has more than
105 million mobile and fixed network customers in Spain, Great Britain,
Ireland, the Czech Republic, Slovakia and Germany.

Further information

Telefónica Deutschland Holding AG
Investor Relations
Georg-Brauchle-Ring 23-25 80992 München
T +49 (0)89 2442 1010 | F +49 (0)89 2442 2000
ir-deutschland@telefonica.com | www.telefonica.de
Bitte finden Sie hier die handelsrechtlichen Pflichtangaben:
www.telefonica.de/pflichtangaben

End of Corporate News

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Language: English
Company: Telefónica Deutschland Holding AG
Georg-Brauchle-Ring 23-25
80992 München
Germany
Phone: +49 (0)89 24 42 0
Internet: www.telefonica.de
ISIN: DE000A1J5RX9
WKN: A1J5RX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
TecDAX

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