Telefónica defenestrates Executive Chairman Álvarez-Pallete

Telefónica defenestrates Executive Chairman Álvarez-Pallete

Source: Indra; Telefónica; TelcoTitans montage

This is a developing story. Chairman and CEO José María Álvarez-Pallete forced out at board meeting. Financial markets may take badly to implications of seeming boardroom coup by Spanish state, including shock arrival of comparative unknown successor with history of state affiliation. Read latest update… 

This article includes:

  • Geographic: Brazil; Europe; Germany; Spain; United Kingdom (UK).
  • Organisations: British Nuclear Fuels; European Commission; GSMA; Indra; La Caixa; Red.es; Saudi Telecom Company (stc); SEPI; Telefónica Group; Telefónica Internacional.
  • People: Abasolo, Laura; Alierta, César; Álvarez-Pallete, José María; Murtra Millar, Marc Thomas; Vilá, Ángel.
  • Themes: Board room coup; Copper shutdown; Defence; Digital economy; Executive chairman; Fibre rollout; Financial controller; Information technology (IT); Investment banking; Management consulting; National interest; Public service; Shareholding structure; Strategic investors; Technology.

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