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
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.
Rachel Empey and Markus Haas
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
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 102 million mobile and fixed network customers in Spain, Great Britain, Ireland, the Czech Republic, Slovakia and Germany.

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R. Empey, M. Haas HighRes online

René Schuster HighRes online

Eva Castillo HighRes online