Mr. Villalonga was chairman-CEO of Spain's Telefonica Group from 1996 until July 2000, when he was ousted amid charges of insider trading for which he was subsequently cleared. Under his direction, Telefonica grew quickly in its core telecom business as well as in the Internet, with Terra Network (now Terra Lycos), and in media and film via Telefonica Media. Much of its international efforts were focused in Latin America.
"Juan is a seasoned global strategist with an exemplary track record of building successful businesses," says Univision Chairman-CEO A. Jerrold Perenchio. "He has also been a visionary for the advancement of Hispanic communities. Through his leadership of the Spanish Internet portal Terra Lycos, and his broad business exerience, he will serve as an excellent base as we continue to grow the company."
Mr. Villalonga has been living in Miami and is putting together a Latin America media investment fund, according to industry sources. He was not available for comment.
Copyright February 2001, Crain Communications Inc.