Luis Velo Steps Down at Telefe

BUENOS AIRES: The Board of Directors at Grupo Telefe announced that Luis Velo, currently president and CEO at the company, will leave his post once his professional tenure in Argentina expires, and will be replaced by Juan Waehner.

The release stated that Velo, who assumed the direction of Telefe in July of 2008, will be part of the company’s strategic area in Madrid, Spain. Waehner will leave his post as general manager at Telefónica Argentina to occupy the new position.