Marco Patuano will succeed Tobias Martinez as CEO at Cellnex

Tobias Martinez, founding CEO of Cellnex, will leave his position on June 3 after leading the company for eight years and managing the group's successful expansion to 12 countries in Europe. He will be replaced by the Italian Marco Patuano, a professional with more than 25 years of experience at TIM (Italy).

The Board of Directors of Cellnex will propose to the General Shareholders' Meeting to be held on June 1 the appointment of Patuano as the new CEO.

Marco Patuano has extensive experience in the telecommunications sector and extensive knowledge of the telecommunications tower ecosystem in Europe, as is the case of Cellnex, of which he was president for two years (2018-2019).

Patuano, who graduated in Finance from the Bocconi University of Milan (Italy), has more than 25 years of experience at TIM (Italy). Among other responsibilities as CEO of the group (2011-2016), commercial director-CCO (2009-2010) and financial director (2008-2009). His professional career has developed in several markets, both in Europe and Latin America. He has also served on the Boards of Autogrill, Atlantia, GSM Association (GSMA), Utenti Pubblicita Associati and WAC, among others.

Anne Bouverot, President of Cellnex, commented that "on behalf of the Board of Directors, I am pleased to welcome Marco as the new CEO of Cellnex after an exhaustive and careful selection process. Marco is a respected and experienced business leader with a deep knowledge of the dynamics of the telecommunications sector and the European tower market. From the Board he will have our support in his responsibility to lead the new chapter of Cellnex."

“I would also like to take the opportunity to thank Tobias for his exceptional leadership and the decisive role he has played in building the leading telecommunications infrastructure operator in Europe,” he added.

“Marco and Tobias will work together in the coming weeks to ensure a smooth transition following the Shareholders' Meeting, thus facilitating the early achievement of the strategic priorities we announced in November last year, focused on driving organic growth, value creation and strengthening the balance sheet, achieving, as a result, the investment grade rating.”

For his part, Marco Patuano wanted to thank the "Cellnex Board for the trust shown in proposing my appointment as the next CEO. Cellnex is a great company, with a bright future and if I have the support of the Board of Shareholders, my commitment will be with the strategy announced in November 2022 that clearly aims at the creation of value, the focus on organic growth and the achievement of investment grade."