Spanish tower operator Cellnex on Wednesday announced the resignation of its CEO, Tobías Martínez Gimeno, after the company announced in November a change in strategy from expansion through acquisitions to a focus on reducing debt.

The resignation will take effect on June 3 and the company has put in place the necessary mechanisms for his succession.

(Reporting by Joanna Jonczyk-Gwizdala; edited in Spanish by Benjamín Mejías Valencia)