Telefonica replaces CEO Alvarez-Pallete with Indra's chairman
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 18 2025
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Should l Buy ?
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.
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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.
