Guy Pacheco to become CEO of CTT

CTT – Correios de Portugal, S.A. has announced that its CEO, João Bento decided, according to his personal plan, to terminate his executive life at the end of the present term of CTT’s Board of Directors, thus concluding his role at the next Annual General Meeting, on 30 April 2026.

After a due process conducted within the scope ofthe so-called Succession Policy for Members of the Management and Supervisory Bodies of CTT, a group of shareholders, including the Manuel Champalimaud Group, Indumenta Pueri, Greenwood Investors and Grupo Sousa, will
propose that Guy Pacheco be elected as CEO in the next Annual General Meeting and João Sousa as CCO for the 2026-28 term. The Executive Committee of CTT will thus continue to have a core of executives involved in the definition and the execution of the strategy over the past two terms.

João Bento was appointed to the Board of Directors of CTT on 20 April 2017,as a non-executive director, and became CEO on 22 May 2019. During his tenure as CEO of CTT, João Bento led a profound and successful transformation,turningCTT from a Portuguese postal operator into a leading Iberia logistics player. Key milestones of this transformation include the (i) turnaround of the Express & Parcels operations in Spain, (ii) the push for a new postal law and the resulting new concession contract of the universal postal service, (iii) the growth and consolidation of Banco CTT and the establishment of a strategic partnership with Generali, (iv) the establishment of an engineering division following the creation of the Locky architecture and network, (v) the acquisition of Cacesa and (vi) the establishment of the joint-venture partnership with DHL.