US EditionTelefónica ousts chair after Saudi stake prompts shake-up
41 Articles
41 Articles
The Board of Directors of Telefónica named Marc Thomas Murtra Millar last Saturday as the new executive president of the society. Murtra had until then led the Board of Directors of Indra, a Spanish multinational that offers consulting services on transport, defense, energy, telecommunications and financial services, as well as public sector services.According to Telefónica's official statement, the decision was made for the convenience of under…
Telefónica's shares fell 3% in Ibex 35 at the start of this Monday's trading day, after he announced this Saturday the cessation of José María...
The global crisis experienced by telecommunications operators in recent years has led many heads of top management, even accompanied by the abandonment of large shareholders in some cases. The change in management has reached Vodafone, Orange, BT, Telecom Italia or Swisscom. In Telefónica, José María Álvarez-Pallete had survived this galaval for nine years, despite the serious fall of stock on the stock market. But the share change in the compan…
Spain's Telefonica replaces CEO amid shareholder pressure
Madrid, Spain — Spanish telecommunications giant Telefonica Saturday said it had replaced its president in a surprise move driven by pressure from major shareholders. An emergency meeting of the company’s board elected Catalan businessman Marc Murtra to replace Jose Maria Alvarez-Pallete, it said in a statement.The company said the decision was taken “in view of
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