Market
What will be Marc Murtra's role at Indra after Telefónica's board decision by April 30, 2025?
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Resolution / Starting Odds
Resigns from Indra • 25%
Remains at Indra • 25%
Takes a leave of absence • 25%
Takes another role within Indra • 25%
Official announcements from Indra or Telefónica or major financial news outlets
Story
SEPI Proposes Indra's Marc Murtra to Replace José María Álvarez-Pallete at Telefónica Amid 23 Million Euro Severance
Jan 18, 2025, 11:14 AM
Spain's government, through the state-owned Sociedad Estatal de Participaciones Industriales (SEPI), has initiated the process to replace José María Álvarez-Pallete as the president and CEO of Telefónica SA. The proposed successor is Marc Murtra, currently the president of Indra, a move that has been set to be discussed in an extraordinary board meeting. Álvarez-Pallete, who has led Telefónica since April 2016, is expected to receive a severance package of approximately 23 million euros upon his departure, in addition to over 12 million euros from his pension plan. Murtra, appointed to Indra's presidency in 2021 by the government, is poised to resign from his current position in the coming days to take up the new role at Telefónica. The change comes amidst shifts in Telefónica's shareholder composition, with SEPI holding a 10% stake and the Saudi Telecom Company (STC) also holding a significant share.
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Similar markets
Merger or Acquisition • 25%
Divestiture • 25%
New Technology Investment • 25%
Other • 25%
Marc Murtra • 25%
José María Álvarez-Pallete • 25%
Other • 25%
Francisco Reynés • 25%
External Candidate • 25%
Current Telefónica Executive • 25%
Other • 25%
Interim Leadership • 25%
No appointment by deadline • 25%
Internal promotion • 25%
External hire • 25%
Temporary appointment • 25%
Another candidate appointed • 25%
José María Álvarez-Pallete remains • 25%
Marc Murtra appointed • 25%
No decision made • 25%
Other outcome • 25%
Pallete remains • 25%
Francisco Reynés appointed • 25%
Marc Murtra appointed • 25%