Cellnex Telecom’s board of directors, at the meeting held this Friday, has agreed to appoint Bertrand Kan as non-executive chairman of the company. Tobías Martínez, for his part, maintains his responsibilities as Chief Executive Officer as CEO.
Kan has been an independent director of Cellnex since 2015, the year the company went public. And since then he has also held the positions of vice president and president of the audit and control committee. He also has extensive professional experience in investment banking, especially focused on the telecommunications, media and technology sectors. In this sense, most of his professional career has been spent at Morgan Stanley where he was CEO and President of the European telecommunications group. And then he continued his career at Lehman Brothers, where he was co-director of the global telecommunications team and a member of the European operating committee. From there, in 2008, he moved to Nomura, where he served as director of the global telecommunications, media and technology group and was a member of the global investment banking executive committee.
Today, Bertran Kan, the new CEO of Cellnex, is a member of the advisory board of Wadhwani Asset Management, as well as chairman of the supervisory board of UWC Netherlands in the Netherlands, and president of the North American company Sentient Blue.
Kan graduated in economics from the London School of Economics.
The news of the appointment comes in the same week that Cellnex has reached an agreement with Deutsche Telekom to integrate the 3,150 telecommunications sites of T-Mobile Infra BV’s in the Netherlands. At the close of the operation, Cellnex will operate a total of 4,314 sites in the Netherlands and play an important role as a telecommunications infrastructure operator in the Netherlands. Once the operation is closed and the new deployments have been carried out, the estimated additional gross profit for the group will reach almost 63 million euros, while the free and recurring cash flow will grow by almost 30 million.