Telefónica Appoints César Mascaraque as New Director, Boosting Independent Representation on Board

Telefónica's Board of Directors has appointed Cesar Mascaraque as a new director by co-optation. Mascaraque has a 25-year career in the technology sector and is currently an independent director of Telefónica Brasil S.A. He replaces Javier de Paz, who has resigned to take on executive functions within the Telefónica Group. Ana María Sala Andrés has been appointed president of Telefónica's Sustainability and Regulation Committee, replacing Javier de Paz.