Telefonica Appoints Marc Murtra as Executive Chair, Replaces Ousted Jose Maria Alvarez-Pallete

Dow Jones

Jan 20, 2025

By Adam Whittaker

Telefonica replaced Jose Maria Alvarez-Pallete with Indra's Marc Murtra as executive chair of the company, saying some of its relevant shareholders wanted a change at the helm.

The Spanish telecommunication company said Saturday that Alvarez-Pallete accepted a request from the board to resign.

Telefonica said that Alvarez-Pallete was asked to step down after a group of shareholders made a request for a change of leadership.

Spanish information technology company Indra said Sunday that Angel Escribano Ruiz will replace Murtra as company director and chairman of the board.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

January 20, 2025 01:31 ET (06:31 GMT)

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