DGAP-Adhoc: Telefónica Deutschland Holding AG: CEO Thorsten Dirks is to leave the management board of Telefónica Deutschland in 2017

Telefónica Deutschland Holding AG / Key word(s): Change of Personnel 21.11.2016 20:35 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
21 November 2016 CEO Thorsten Dirks is to leave the management board of Telefónica Deutschland in 2017 Thorsten Dirks became chairman of the management board / Chief Executive Officer (CEO) of Telefónica Deutschland Holding AG in October 2014 after the merger of Telefónica Deutschland and E-Plus Group. Following his material contribution to the successful integration and transformation of the company, with a strong position and strategy in place, Thorsten Dirks will turn to new challenges in 2017. In today's meeting, the Supervisory Board of Telefónica Deutschland Holding AG approved an early termination of Thorsten Dirks' management board contract as per his request. As mutually agreed, this termination will become effective at the end of the first quarter 2017. Meanwhile, Thorsten Dirks will continue in his function as chairman of the management board / CEO together with the other members of the management board. The supervisory board would like to take this opportunity to thank Thorsten Dirks for the exceptional collaboration and successful development of the company. The supervisory board will deal with the matter of the succession immediately and make an announcement in due course. More Information: Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 23-25 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e ir-deutschland@telefonica.com 21.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Fax: E-mail: Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange TecDAX End of Announcement DGAP News-Service