Telefónica Germany hands CEO role to veteran exec

Telefónica, Germany

Telefónica Germany has appointed chief operating officer Markus Haas as its new CEO.

He replaces Thorsten Dirks, who announced last month that he planned to leave the operator six months ahead of schedule.

Haas, who will take the new role from 1 January, has worked for Telefónica since 1998 and has had his term of office extended until 31 December 2019 as part of the promotion.

Telefónica said he would work “in close cooperation” with Chief Financial and Strategy Officer Rachel Empey.

Empey has been handed responsibility for Transformation & Integration, Business Intelligence, Innovation and big data/IoT spin off Telefónica Next alongside her existing duties.

Telefónica credited both Haas and Empey with leading Telefónica Germany’s IPO, the merger with E-Plus Group and the subsequent integration of both companies.

Revenues at the opco fell 4.5 percent to €5.6 billion in the nine months to September as it registered falls across both its fixed and mobile offerings.

Telefónica Germany Supervisory Board member Eva Castillo Sanz commented: "We are very pleased to be able to announce the appointment of Markus Haas as the new CEO of Telefónica Deutschland.

“Markus Haas and Rachel Empey have proved to be a very strong leadership team in the past years and will drive the further transformation of the business to the Leading Digital OnLife Telco in Germany.

“The internal succession is a clear signal of continuity for our shareholders, employees and business partners in the execution of the integration and transformation processes.”

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