Telefonica Brasil S.A. approved the election of Mr. Christian Mauad Gebara to the role of Chief Executive Officer, replacing Mr. Eduardo Navarro de Carvalho. The term of the Chief Executive Officer elected shall begin on January 1, 2019, in complement to the current term. The Board of Directors also approved the indication of Mr. Christian Mauad Gebara to the role of Member of the Board of Directors vacant since the Extraordinary Shareholders' Meeting held on November 30, 2018.

The term of the Member of the Board of Directors elected shall begin on January 1, 2019, in complement to the current term. Mr. Eduardo Navarro de Carvalho will remain as the Chairman of the Board of Directors of the Company. On January 1, 2019, Mr. Christian Mauad Gebara will take over the position of Chief Executive Officer, and from then on the Company's Board of Executive Officers will be composed by: Christian Mauad Gebara, Chief Executive Officer; David Melcon Sanchez-Friera, Chief Financial Officer and Investor Relations Officer; and Breno Rodrigo Pacheco de Oliveira, General Secretary and Legal Officer.