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The change has been impelled by the funds CCMP, Providence, Thomas H.Lee y Quadrangle and other associates with 68,4 % of the capital, while Galdón was supported by 80 % Spanish, which control 21 % of the capital.

The new president of ONO, José Maria Castellano, met the trade unions shortly after his appointment and confirmed to them that the present investment funds in the operator will stay medium-term.

Also he communicated to them that there are not going to harden the records of regulation of employment proposed by the company and that the maximum of affected will be 1.300.

In ONO'S note it is indicated that with the appointment of Castilian, ex-president of Inditex, it is chased to obtain "an excellent management centred on marketing and sales".

José Maria Castellano Ríos graduated in Economic and Managerial Sciences by the University of Santiago de Compostela and doctor by the University of Madrid, has been a systems director of Aegon Spain, financial director and manager of Conagra Spain. In 1984 one incorporated Inditex.

On the following year he was nominated a manager and from this charge it managed the international expansion of the group presided by Amancio Ortega.

It resigned like Inditex manager in 2005 for personal motives and some time after it was designated like one of 50 most valued managerial leaders of the world.


(Efe, 07-11-08)