Grupo Televisa, S.A.B. announced that José Antonio González Anaya will step down as Chief Executive Officer of Grupo Televisa's Cable segment (“izzi”) on July 31st due to personal reasons. Televisa also announced that Francisco Valim will take over as CEO of izzi as of August 1st, 2023. Mr. Valim is a seasoned executive with over 34 years of experience, including 20 years holding CEO positions, mainly in the Telco, Media and Services industries in Brazil and abroad.

He has led large and complex publicly listed and private companies. Francisco possesses a deep understanding of the telecommunication market and broader telco ecosystems including pay-TV, broadband, and optical fiber, among others, in highly competitive environments. He is also experienced in leading significant transformation and turnaround processes by delivering revenue growth, best-in-class cost restructuring, and increased profitability.

Before joining izzi, Mr. Valim was CEO of Nextel Brazil, a mobile telco operator with approximately R$4 billion reais in annual revenue, where he implemented an operational turnaround process, bringing the company to profitability during his tenure. As CEO of Via Varejo, one of the electronic and furniture retailers in Latin America with approximately R$22 billion reais in annual revenue, Francisco developed a long-term strategic business plan, and led the company through a successful IPO process. Mr. Valim also served as CEO of Oi, one of the full-service telco operators in Brazil with around R$28 billion reais in annual revenue, where he reverted 14 quarters of negative growth in less than one year and expanded profitability to 33% from 26% throughout this period.