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Slim Steps Down as Telmex Chairman

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From Bloomberg News

Carlos Slim, Latin America’s richest man, stepped down as chairman of the board of Telefonos de Mexico and handed over the responsibilities to his eldest son, Carlos Slim Domit.

Carlos Slim Domit, 37, formerly co-chairman of Telmex with his father, takes over immediately, according to a filing with the U.S. Securities and Exchange Commission.

His father, 64, will remain honorary lifetime chairman of the company he has run for 14 years, the filing said.

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