Portugal Telecom Names CEO

LISBON, Portugal -- Portugal Telecom announces that Zeinal Bava was appointed as Chief Executive Officer (CEO) at the meeting of the Board of Directors held today following the Annual General Meeting of Shareholders. Prior to this appointment, Zeinal Bava was the Deputy CEO of PT and headed the domestic business.

The appointment of PT’s new CEO followed the resignation submitted by Henrique Granadeiro, the former CEO, who will continue in office as Chairman of the Board of Directors. As a result, PT will resume a governance model based on a separate Chairman and CEO. Moreover, Portugal Telecom announces that the remaining composition of the Executive Committee remained unchanged.

Portugal Telecom SGPS SA (NYSE: PT)