Cellnex's CEO Tobias Martinez Gimeno steps down amid strategy shift

(Reuters) - Spanish phone tower operator Cellnex said on Wednesday its chief executive Tobias Martinez Gimeno resigned after the company had announced in November a strategy shift from expansion through acquisitions to focus instead on debt levels.

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

(Reporting by Joanna Jonczyk-Gwizdala, Editing by Inti Landauro)