Carlos Sagasta became the new Chief Financial Officer of ONO in April 2010. Before joining the Company, he was Financial Director and Controller of Abertis Telecom for five years.

In 2003, he assumed the role of Director of Planning and Control at Retevisión Audiovisual, the main business unit of Abertis Telecom.

Carlos Sagasta has been a director of Eutelsat Communications, Hispasat and chairman of the Board of Overon, representing Abertis.

Previously, Carlos worked for several years at Salomon Smith Barney and Gramercy Communications Partners in New York and then at E-laCaixa (Barcelona), the on-line subsidiary of La Caixa, the leading shareholder in Grupo Abertis.

He holds a degree in Business Administration and Finances from the University of Saint Louis (Missouri) and an MBA in Finances and Strategy from The Anderson School of UCLA (California).

Guillermo Mercader has been our Director General of Residential Services since January 2010. Mercader has extensive experience in companies in this sector. He has been CEO of Ya.com, where he worked for seven years. Subsequently, he was General Director of Home for Orange, a company he joined when it acquired Ya.com. He has also held management positions at companies such as Wella and Coopers & Lybrand.

He holds a degree in Business and Law and a Master's in Financial Markets from the Universidad Autónoma of Madrid.

Víctor Guerrero is our Director of Businesses. From July 2006 to January 2009, he has been our Regional Director for Eastern Andalucía. Previously, he was International Controller, Director of Portugal and the United Kingdom, and Managing Director of the International Area at Telepizza, the leading fast food company in Spain.

Antonio de la Fuente is our Director of Human Resources. He joined ONO in 2004 as Director of Labour Relations and Risks Prevention. Previously, de la Fuente worked in the Legal Department of Vodafone. He also worked as Labour Advisor in the Law Firm DLF Consultants. He is a Law graduate from the Universidad Complutense of Madrid, holds a diploma in Labour Law and Social Security Law and is a member of the Royal Academy of Law and Legislation.

Carlos Moreno has been Director of IT since 2000. Before joining ONO he worked as Director within the IP consultancy area and as project advisor at Thomson-CSF. Previously, he worked as a consultant in Spain and Portugal and as a project development engineer in Paris for Marben (Grupo ATOS).

Paul Kearney is our Director of Networks and Technology. Mr. Kearny joined ONO in June 2007 from Netia (a fixed line operator in Poland), where he was Chief Technology Officer. Previously, he had held various management positions in the telecommunications sector in the United Kingdom and Spain.

Rafael Brull is our Director of the On-line Business and Innovation. He joined ONO in January 2010, contributing his extensive experience of similar positions in the sector. From 2007 until 2010 he was the director of Portals, Services and Operations of Orange in Spain, a position he also held at Ya.com and which he maintained following the merger with Orange.

His experience of on-line portals and e-commerce is complemented by his professional development at various Internet companies and a Master's in e-business, in addition to his degree in Philosophy from the Universidad Complutense of Madrid.

Juan Luis Delgado is the General Councel and the Secretary of the Board of Directors. Mr. Delgado has spent much of his career at the Company, as Deputy General Counsel for over five years, and before that as manager for corporate development within the General Counsel area and the Legal Department.

Mr. Delgado holds a degree in law from the University of Salamanca and a Master's in Legal Counsel from the I.E. Business School.