The Board appoints Bertrand Kan as non-executive Chairman of Cellnex

The new Chairman, hitherto Vice-Chairman, is an independent Director who has been on the Board since the company’s IPO in May 2015

Tobias Martinez continues to lead the company as the CEO and its top executive

Madrid, 22 January 2021.-  At a meeting held today, the Board of Directors of Cellnex Telecom has agreed to appoint Bertrand Kan as non-executive Chairman of the company. Tobias Martinez maintains his responsibilities as CEO.

Bertrand Kan has been an independent director of Cellnex since May 2015, when the company went public. Since then, he has also been Vice-Chairman of the company and Chairman of the Audit and Control Committee.

He has extensive professional experience in investment banking, particularly focused on the telecommunications, media and technology sectors. He has spent most of his working life at Morgan Stanley where he was Managing Director and Chairman of the European Telecommunications Group. He then continued his career at Lehman Brothers, where he was Co-Head of the Global Telecommunications Team and a member of the European Operating Committee.

In 2008, he became Head of the Global Telecommunications, Media and Technology Group at Nomura and was a member of Nomura Global Investment Banking Executive Committee. Among other responsibilities, he is currently a member of the Advisory Council of Wadhwani Asset Management, Chairman of the Supervisory Board of UWC Netherlands in the Netherlands, and President of the US based company Sentient Blue. Bertrand Kan graduated in economics (B.Sc. and M.Sc.) from the London School of Economics.

About Cellnex Telecom

Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of c.70,000 sites including forecast roll-outs up to 2028.

Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, Ireland, Portugal, Austria and Denmark. Cellnex’s business is structured in four major areas: telecommunications infrastructure services; audiovisual broadcasting networks, security and emergency service networks and solutions for smart urban infrastructure and services management (Smart cities e the “Internet of Things” (IoT)).

The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 600 indices. It is also part of the FTSE4GOOD, CDP (Carbon Disclosure Project), Sustainalytics and “Standard Ethics” sustainability indexes. Cellnex’s reference shareholders include Edizione, GIC, ADIA, CriteriaCaixa, Blackrock, Wellington Management Group and Canada Pension Plan.