O2’s UK CEO, Matthew Key, has been appointed as the new chairman and CEO of Telefónica O2 Europe, following Peter Erskine’s decision to vacate the role.
Erskine will retain his position on the board of Telefónica and move to the role of non-executive director, joining Telefónica’s key decision-making board, the Comisión Delegada. Key will take charge of Telefónica Europe when Erskine steps down on 1 February.
Executive chairman of Telefónica César Alierta said: ‘Under Matthew’s leadership, O2 UK has grown its revenue and profitability more than all of its competitors combined and has become a partner of choice in the UK market, with highly successful collaborations with world-leading brands such as Tesco and Apple. In his new role, I am confident that he will continue to build on the strong position of Telefónica in the highly competitive European markets.’
In recent months, Key has overseen the introduction of the Apple iPhone into the UK market and the launch of O2 Broadband.
An O2 spokesman said everyone within the company was positive about the change. He said: ‘Matthew’s track record in the UK is phenomenal, and we are 100% confident that he will replicate his UK success in Europe.’
An announcement regarding Matthew Key’s replacement is expected imminently.