Market
What will be the total severance package paid to Telefónica executives in 2025?
2
Resolution / Starting Odds
Less than 20 million euros • 25%
20-30 million euros • 25%
30-40 million euros • 25%
More than 40 million euros • 25%
Telefónica's financial reports or announcements
Story
Telefónica Appoints Marc Murtra as CEO, Álvarez-Pallete to Receive 23 Million Euros
Jan 18, 2025, 05:46 PM
Telefónica SA has announced the replacement of its Chairman and CEO, José María Álvarez-Pallete, with Marc Murtra, the former president of Indra. The decision was made during an extraordinary board meeting convened to address the company's new shareholder structure. Álvarez-Pallete, who led Telefónica for nearly nine years, will receive a severance package of 23 million euros upon his departure. The move to appoint Murtra, seen as a candidate close to the government, was initiated by the state-owned Sociedad Estatal de Participaciones Industriales (SEPI), which holds a 10% stake in Telefónica. The change at Telefónica has also led to a leadership transition at Indra, where Ángel Escribano is expected to be named the new president following Murtra's departure.
View original story
Similar markets
Yes • 50%
No • 50%
Marc Murtra appointed • 25%
Other outcome • 25%
Pallete remains • 25%
Francisco Reynés appointed • 25%
Marc Murtra becomes CEO • 25%
José María Álvarez-Pallete remains CEO • 25%
Another candidate becomes CEO • 25%
No decision made by deadline • 25%
Another candidate appointed • 25%
No decision made • 25%
Marc Murtra appointed • 25%
José María Álvarez-Pallete remains • 25%
SEPI, STC, and a new investor • 25%
SEPI, STC, and a current minor shareholder • 25%
SEPI, STC, and no change • 25%
SEPI, STC, and another entity • 25%
Other • 25%
José María Álvarez-Pallete • 25%
Francisco Reynés • 25%
Marc Murtra • 25%
No significant change • 25%
Other • 25%
Decrease by more than 5% • 25%
Increase by more than 5% • 25%
Internal promotion • 25%
External hire • 25%
Temporary appointment • 25%
No appointment by deadline • 25%