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Finance

Telefonica's board appoints Marc Murtra to replace CEO Alvarez-Pallete

Published by Global Banking & Finance Review

Posted on January 18, 2025

1 min read

· Last updated: January 27, 2026

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Marc Murtra appointed new CEO of Telefonica, replacing Alvarez-Pallete - Global Banking & Finance Review — This image depicts Marc Murtra, the newly appointed CEO of Telefonica, who replaces Jose Maria Alvarez-Pallete. The leadership change is significant for the finance and telecommunications sectors.

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MADRID (Reuters) - Spanish telecom giant Telefonica's board agreed on Saturday to terminate Chief Executive Jose Maria Alvarez-Pallete's contract and appoint Indra's chairman Marc Murtra to replace

Telefonica Names Marc Murtra as New CEO, Replacing Alvarez-Pallete

MADRID (Reuters) - Spanish telecom giant Telefonica's board agreed on Saturday to terminate Chief Executive Jose Maria Alvarez-Pallete's contract and appoint Indra's chairman Marc Murtra to replace him, the company said in a filing to the stock market regulator.

(Reporting by Inti Landauro, editing by Aislinn Laing)

Key Takeaways

Telefonica's board has replaced CEO Alvarez-Pallete.
Marc Murtra, Indra's chairman, is the new CEO.
The change was announced in a stock market filing.
This marks a significant leadership shift for Telefonica.
The decision was made by the board on Saturday.

Frequently Asked Questions

What is the main topic?

The main topic is the appointment of Marc Murtra as the new CEO of Telefonica, replacing Jose Maria Alvarez-Pallete.

Who is Marc Murtra?

Marc Murtra is the chairman of Indra and has been appointed as the new CEO of Telefonica.

Why is this change significant?

This change marks a significant leadership shift for Telefonica, one of Spain's major telecom companies.

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