Market
What will be the next major strategic decision by Telefónica under Marc Murtra by end of 2025?
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Telefónica SA•Marc Murtra•Indra•Spanish•SEPI•Telefónica•Murtra•Saudi Telecom Company•STC•Criteria Caixa
Resolution / Starting Odds
Merger or Acquisition • 25%
Divestiture • 25%
New Technology Investment • 25%
Other • 25%
Official announcements and press releases from Telefónica
Story
Telefónica Replaces CEO Álvarez-Pallete with Indra's Marc Murtra Amid SEPI Proposal
Jan 18, 2025, 05:38 PM
Telefónica SA has announced the replacement of its Chairman and CEO, José María Álvarez-Pallete, with Marc Murtra, the current president of Indra. The decision was made during an extraordinary board meeting on Saturday, prompted by the company's new shareholder structure. The Spanish government, through the State Society of Industrial Participations (SEPI), which holds a 10% stake in Telefónica, proposed Murtra's appointment. The move also received support from Saudi Telecom Company (STC) and Criteria Caixa, both holding 10% of the company's shares. Álvarez-Pallete, who has been at the helm for nearly nine years, will receive a severance package of over 23 million euros upon his departure.
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Similar markets
Expansion into new markets • 25%
Other strategic focus • 25%
Focus on digital transformation • 25%
Cost-cutting and restructuring • 25%
Form new partnerships • 25%
No major changes • 25%
End existing partnerships • 25%
Strengthen existing partnerships • 25%
José María Álvarez-Pallete remains • 25%
No decision made • 25%
Marc Murtra appointed • 25%
Another candidate appointed • 25%
José María Álvarez-Pallete remains CEO • 25%
Marc Murtra becomes CEO • 25%
No decision made by deadline • 25%
Another candidate becomes CEO • 25%
Other • 25%
José María Álvarez-Pallete • 25%
Francisco Reynés • 25%
Marc Murtra • 25%
No appointment by deadline • 25%
Internal promotion • 25%
External hire • 25%
Temporary appointment • 25%