Telefónica Deutschland:Peter Löscher new Chairman of the Supervisory Board

The Supervisory Board of Telefónica Deutschland Holding AG today elected Peter Löscher as the new Chairman of the Supervisory Board. He has been a member of the company's Supervisory Board since April 1, 2020 by court appointment. His predecessor, Laura Abasolo García de Baquedano, had informed the company on February 3, 2020 that she was resigning from her office as member and as Chairman of the Supervisory Board with effect from the end of March 31, 2020. Peter Löscher brings extensive and relevant experience to Telefónica Deutschland. Among other things, he is chairman of the board of directors of Sulzer AG, Switzerland, and a non-executive (independent) member of the board of directors of Telefonica S.A., Spain, and is the former CEO of Siemens AG.

Peter Löscher: "I would like to thank you very much for your trust. Telefónica Deutschland is the pioneer of sustainable digitalisation of society. I look forward to continuing to successfully pursue and advance this path together with the Executive Board and my colleagues on the Supervisory Board". Markus Haas: "I am very pleased that Peter Löscher, who knows the sector and German industry inside out, has been elected to head the Supervisory Board. I am looking forward to continuing the close cooperation with the Supervisory Board. On behalf of the entire Executive Board, I would like to thank Laura Abasolo García de Baquedano for her good and trusting cooperation. She has done outstanding work for Telefónica Deutschland and its stakeholders over the past years".