New Vivo executives named

23 May 2005

Telefonica and Portugal Telecom have confirmed the appointment of two new executives to run their Brazilian joint venture Brasilcel, which operates under the brand name Vivo. Fernando Xavier Ferreira, currently the CEO of Telefonica in Brazil, will take over as Chairman of the board, replacing Felix Ivorra, while Roborto Oliveira de Lima has been appointed as CEO, replacing Fransisco Padinha.