Market
What will be the primary focus area of Telefónica's strategic initiatives in 2025?
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Telefónica SA•Marc Murtra•Indra•Spanish•SEPI•Telefónica•Murtra•Saudi Telecom Company•STC•Criteria Caixa
Resolution / Starting Odds
Digital Transformation • 25%
Network Expansion • 25%
Sustainability Initiatives • 25%
Customer Experience • 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
Focus on digital transformation • 25%
Expansion into new markets • 25%
Cost-cutting and restructuring • 25%
Other strategic focus • 25%
Strengthen existing partnerships • 25%
No major changes • 25%
End existing partnerships • 25%
Form new partnerships • 25%
5 or more new partnerships • 25%
No new partnerships • 25%
1-2 new partnerships • 25%
3-4 new partnerships • 25%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease by 0-5% • 25%
Decrease by more than 5% • 25%
R&D and innovation • 25%
Market expansion • 25%
Operational efficiency • 25%
Partnerships and collaborations • 25%
Other • 25%
Aluminum • 25%
Iron Ore • 25%
Copper • 25%
SEPI, STC, and no change • 25%
SEPI, STC, and another entity • 25%
SEPI, STC, and a new investor • 25%
SEPI, STC, and a current minor shareholder • 25%
Smart Cities • 25%
Mobile Internet • 25%
Industrial Automation • 25%
IoT Applications • 25%
Marc Murtra appointed • 25%
No decision made • 25%
Another candidate appointed • 25%
José María Álvarez-Pallete remains • 25%
Logistics and supply chain • 25%
E-commerce • 25%
Cloud computing • 25%
Digital media and entertainment • 25%