The chief executive of Cesky Telecom, Gabriel Berdar, credited with
transforming the company, has been replaced as Telefonica of Spain has
acquired the business. An annual meeting of Cesky Telecom shareholders
on Thursday replaced Mr Berdar with Jaime Smith Basterra, chief
financial officer at Telefonica, as well as nine out of fifteen members
on the company's supervisory board. Last week, Telefonica paid 82.6
billion crowns (3.36 billion dollars) for the government's 51.1-percent
stake in the Czech Republic's dominant land line operator.