Change to Board of Directors

Telefonica SA 31 August 2000 JUAN JOSE NIETO, CHAIRMAN AND CEO OF TELEFONICA MEDIA Madrid, August 30th, 2000 - The Board of Directors of Telefonica, at its meeting held today, unanimously approved the appointing of Juan Jose Nieto as Chairman and CE of Telefonica Media. Up until today, Mr Nieto held the position of chief operating officer in this same company, the Telefonica subsidiary responsible for its media business.
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