State-owned SEPI proposes to replace Telefonica CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 18 2025
0mins
Source: Reuters
Leadership Change at Telefonica: SEPI, the state-owned investment fund, is proposing to replace Telefonica's CEO Jose Maria Alvarez-Pallete with Marc Murtra, currently the executive chairman of Indra, amid ongoing challenges in the telecommunications sector.
Government Stake and Strategic Moves: The Spanish government has increased its stake in Telefonica to counterbalance a similar investment by Saudi Arabia's STC, while Telefonica is divesting from mature businesses to invest in 5G infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
