Telefonica replaces CEO Alvarez-Pallete with Indra's chairman
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 18 2025
0mins
Source: Reuters
Leadership Change at Telefonica: Telefonica's board has appointed Indra's chairman, Marc Murtra, as the new CEO, replacing Jose Maria Alvarez-Pallete following a request from the state-owned fund SEPI. This decision is pending shareholder approval.
Government Involvement and Strategic Moves: The Spanish government, which holds a 10% stake in Telefonica through SEPI, aims to strengthen its influence in the telecom sector amidst rising military budgets in Europe and increasing competition in the telecom market.
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.
