Market
Outcome of Telefonica's leadership decision by March 31, 2025
2
Resolution / Starting Odds
Marc Murtra appointed • 25%
José María Álvarez-Pallete remains • 25%
Another candidate appointed • 25%
No decision made • 25%
Official announcements from Telefonica or major news outlets
Story
Spain's SEPI Proposes Marc Murtra to Replace José María Álvarez-Pallete as Telefonica's CEO and Chairman in Extraordinary Meeting
Jan 18, 2025, 09:47 AM
Spain's government, through the state-owned Sociedad Estatal de Participaciones Industriales (SEPI), is seeking to replace José María Álvarez-Pallete as the CEO and Chairman of Telefonica SA. The government has proposed Marc Murtra, the current president of Indra, as Álvarez-Pallete's successor. This move is set to be discussed in an extraordinary board meeting convened by Telefonica's new shareholders. The decision comes after SEPI became the largest shareholder of Telefonica with a 10% stake, following the acquisition of shares worth 2.384 billion euros. The change in leadership is part of a broader shift in the company's shareholder structure, which has seen the entry of new stakeholders like the Saudi telecom company STC and the strengthening of Criteria Caixa's position.
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No decision made by deadline • 25%
Marc Murtra becomes CEO • 25%
José María Álvarez-Pallete remains CEO • 25%
Another candidate becomes CEO • 25%
Marc Murtra • 25%
Francisco Reynés • 25%
Other • 25%
José María Álvarez-Pallete • 25%
Francisco Reynés appointed • 25%
Marc Murtra appointed • 25%
Other outcome • 25%
Pallete remains • 25%
External hire • 25%
Internal promotion • 25%
Temporary appointment • 25%
No appointment by deadline • 25%
Merger or Acquisition • 25%
Other • 25%
New Technology Investment • 25%
Divestiture • 25%
SEPI, STC, and a current minor shareholder • 25%
SEPI, STC, and another entity • 25%
SEPI, STC, and no change • 25%
SEPI, STC, and a new investor • 25%
Interim Leadership • 25%
Other • 25%
External Candidate • 25%
Current Telefónica Executive • 25%