Telefonica confirms Alvarez-Pallete as chairman and CEO

Friday 8 April 2016 | 14:54 CET | News
Telefonica announced that its board of directors approved the appointment of Jose Maria Alvarez-Pallete as chairman and chief executive in a meeting that also saw four board members voluntarily step down. The new CEO replaces Cesar Alierta, the longest-serving head of a leading European telecommunications company, who last month announced that he wanted COO Alvarez-Pallete to replace him, describing him as "the executive best prepared to face the newest challenges of the digital market." Alierta will remain on the board and continue as executive chairman of the company's foundation.

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Categories: General
Companies: Telefonica
Countries: Spain
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