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State-owned SEPI proposes to replace Telefonica CEO

Summary by WTVB
By Inti Landauro and Andres Gonzalez MADRID (Reuters) – State-owned investment fund SEPI has proposed to replace Telefonica’s Chief Executive Jose Maria Alvarez-Pallete, who has led the company since 2016, a source with knowledge of the matter told Reuters on Saturday. The candidate to replace Alvarez-Pallete is Marc Murtra, currently executive chairman of defence company Indra, whose largest shareholder is SEPI, the source said. The change woul…
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  • 40% of the sources lean Left, 40% of the sources lean Right
40% Right
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