Telefônica Brasil’s Genish resigns as CEO

By:
Jason McGee-Abe
Published on:

Telefônica Brasil’s Amos Genish has tendered his resignation “due to personal reasons” and is to step down as president and CEO at the end of the year

Telefónica logoThe Board of Directors has appointed Eduardo Navarro de Carvalho, presently chief commercial digital officer and chairman of Telefônica Brasil’s Board of Directors since June 2016, to take over from Genish from January 1, 2017.

In the meeting held on Friday, the Board also approved the creation of a strategy committee which will be chaired by Genish, who will remain as a member of the Board. Genish was appointed president and CEO in 2015.

“I am honoured to be appointed as the next president and CEO of Telefônica Brasil. From Telefónica’s headquarters in Madrid and as chairman of Telefônica Brasil, I have been impressed with Telefônica Brasil’s strong performance and transformation,” said Navarro de Carvalho, who joined Telefónica in 1999.

Genish added: “I am grateful for the honour of leading Telefônica Brasil during 2015 and 16, and pleased to have been able to accomplish all the key objectives we had set for ourselves at the beginning of 2015... I thank the employees and the Board of Directors for their support during this period.  I have full confidence that Telefônica Brasil, led by Eduardo, will continue to outperform and execute on its strategic plan.” GTB