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Cellnex Telecom is making meaningful moves to fortify its leadership, with the appointment of a new Secretary General and the proposed addition of an independent director. This article delves into these strategic changes at the European telecommunications infrastructure operator, offering insights into the key individuals involved. Learn about these leadership appointments and the implications for Cellnex’s future as it navigates the evolving landscape.
Cellnex Telecom Appoints New Secretary General and Eyes Independent Director
The telecommunications infrastructure operator is bolstering its leadership team as it navigates a dynamic market.
Published: April 26, 2024
Leadership Changes at Cellnex
Madrid, Spain – Cellnex Telecom, a leading European telecommunications infrastructure operator, has announced key changes to its leadership structure. The Board of Directors has appointed Xavier Pujol as the new Secretary General and Secretary of the Council. Moreover, the company has proposed the appointment of Luis Mañas as an independent director, subject to approval at the General Meeting of Shareholders scheduled for May 9 in Madrid.
Xavier Pujol’s Appointment
Xavier Pujol brings a wealth of legal and corporate governance experience to Cellnex. Previously serving as the general secretary of Alantra Partners, Pujol’s responsibilities will include reporting to both the President of the Council and the CEO of Cellnex.His integration into the Management Committee is slated for May 26.
Xavier Pujol: Key Facts
- Possesses 22 years of legal experience.
- Expertise in mergers and acquisitions, capital markets, and corporate governance.
- Served as General Secretary of Alantra Partners since September 2021.
- Prior roles include Secretary General at Hurry and legal practice at Cuatrecasas and Latham & Watkins.
Luis Mañas: Proposed Independent Director
Cellnex aims to strengthen its governance by incorporating Luis Mañas as an independent director. The company believes Mañas’ extensive industrial and financial experience will be invaluable.
Luis Mañas: Key Facts
- Holds degrees in Economics and Law from the Autonomous University of Madrid.
- Doctorate in Economics from the University of Chicago (USA).
- Began career as an economist at the International Monetary Fund in 1985.
- Served as a consultant at The World Banking Group and as an executive advisor at the Ministry of Economy and Spanish Finance.
- Joined Repsol in 1987, holding positions such as Chief Economist and Financial Director.
Mañas’ extensive background includes notable roles in both the public and private sectors. His experience spans international finance, economic policy, and corporate leadership.
Mañas is currently an independent counselor and president of the Commission of Appointments and Remote Remocation of Santa LucĂa Seguros
Since 2006, Mañas has been the CEO of Arbitrage C&FM. He also holds the position of independent advisor and president of the commission of Appointments and Remote Remocation of Santa LucĂa Seguros.
His past advisory roles include positions at Hispanic Real Estate Assets, Tubos Reunidos, and Enagás, demonstrating a broad understanding of various industries and corporate governance practices.
Additional Agenda Items
In addition to these key appointments, Cellnex plans to address several othre critically important items at its upcoming board meeting. These include:
- Approval of the 2024 financial statements.
- Maintaining the number of council members at 13.
- Approval of a share capital reduction of up to 10 million euros through the amortization of a maximum of 40 million own shares.
Strategic Implications
These leadership changes and strategic decisions come at a crucial time for Cellnex. As the telecommunications industry evolves, strong leadership and sound financial management are essential for navigating challenges and capitalizing on opportunities. The appointment of Xavier Pujol and the potential addition of Luis Mañas reflect Cellnex’s commitment to strengthening its governance and ensuring its long-term success.
