Telefonica Deutschland CEO, Rene Schuster leaves

The Supervisory Board of Telefonica Deutschland has approved a mutual agreement according to which Rene 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.

Rene Schuster joined Telefonica 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 Telefonica Deutschland led the market in mobile data and extended its customer access base to over 25 million.

Rene 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 Telefonica 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.

Rene Schuster’s full responsibilities as CEO will be transferred to Markus Haas and Rachel Empey. Both will lead the management board of Telefonica 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 Rene Schuster’s seat in the European Telefónica Executive Committee.

Rachel Empey joined the Telefónica Group in 2004, and has worked for Telefonica Deutschland since 2009, becoming CFO in 2011. Markus Haas, has worked for the company since 1998 and became CSO in 2009.

Eva Castillo, chairperson of the Supervisory Board of Telefónica Deutschland Holding AG said, “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.”

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