Tags: EU | Spain | Telefonica

Telefonica's board Taps Alvarez-Pallete as Chief Executive

Friday, 08 April 2016 10:18 AM

MADRID (AP) — Spanish telecommunications company Telefonica says its board has unanimously voted in Jose Maria Alvarez-Pallete as chief executive and chairman of the board.

Telefonica SA said in a statement Friday that Alvarez-Pallete replaces Cesar Alierta, who is stepping down after 16 years but will retain a seat on the company's board.

Alvarez-Pallete has been the company's chief operating officer and has worked directly under Alierta since 2012 in a process grooming him for the top job.

Telefonica is Spain's largest telecommunications company and has extensive operations throughout Latin America and in Germany.

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Spanish telecommunications company Telefonica says its board has unanimously voted in Jose Maria Alvarez-Pallete as chief executive and chairman of the board.Telefonica SA said in a statement Friday that Alvarez-Pallete replaces Cesar Alierta, who is stepping down after 16...
EU,Spain,Telefonica
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2016-18-08
Friday, 08 April 2016 10:18 AM
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