On June 12, 2019, Amber Capital announced that is once again trying to improve Hellenic Telecommunications Organization S.A.'s corporate governance. Amber Capital stated that will propose former CEO at Telefonica Brasil, Alberto Horcajo, to take over as an independent non-executive deputy chairman and board member at the Company's annual shareholders' meeting on June 12. In addition, Amber Capital stated that Horcajo's candidacy is backed by Institutional Shareholder Services.