Market
Will SEPI increase its stake in Telefónica beyond 10% by end of 2025?
3
Telefónica SA•Marc Murtra•Indra•Spanish•SEPI•Telefónica•Murtra•Saudi Telecom Company•STC•Criteria Caixa
Resolution / Starting Odds
Yes • 50%
No • 50%
Official filings and announcements from SEPI or 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.
View original story
Similar markets
Marc Murtra appointed • 25%
Other outcome • 25%
Pallete remains • 25%
Francisco Reynés appointed • 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%
No • 50%
Yes • 50%
STC becomes largest • 25%
Another entity becomes largest • 25%
Criteria Caixa becomes largest • 25%
SEPI remains largest • 25%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease by 0-5% • 25%
Decrease by more than 5% • 25%
Other strategic focus • 25%
Expansion into new markets • 25%
Focus on digital transformation • 25%
Cost-cutting and restructuring • 25%